Dollar Holds Two-Week High After JOLTS Data Keeps September Fed Hike in Play

TLDR

• The Dollar Spot Index rose 0.2% to 99.61, near a two-week high
• U.S. job openings held at 7.3 million in July, showing a resilient labor market
• Markets now price a 74% chance of a Fed rate hike on September 17
• The euro fell 0.20% to $1.1592 after Eurozone core CPI eased to 2.4%
• The yen edged up slightly but stayed near 159.85, close to the critical 160 level

The U.S. dollar held near a two-week high on Tuesday after fresh jobs data kept expectations for a Federal Reserve rate hike firmly on the table.

The Dollar Spot Index rose 0.2% to 99.61, building on gains from last week when Fed Chair Kevin Warsh delivered a hawkish speech at the Jackson Hole symposium.

Jobs Data Supports the Dollar

The July JOLTS report showed U.S. job openings were little changed at 7.3 million. The job openings rate held at 4.4%, while hires slipped to 5.1 million from 5.3 million in June.

JOLTS job openings 7.271MM, Exp. 7.313MM, Last 7.182MM (revised down from 7.359MM)

- zerohedge (@zerohedge) September 1, 2026

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