Daily digest market movers US Dollar retreats as investors assess JOLTs figures, Kugler statement

Job Openings in the US climbed to 7.74 million in October. This figure surpassed market estimates of 7.48 million and marked an increase from September's 7.37 million figure.

October saw little change in hires, remaining at approximately 5.3 million.

Total separations also held steady at around 5.3 million and resignations (quits) rose to 3.3 million, while layoffs and discharges showed minimal change at 1.6 million.

On the Fed’s policy front, its stance remains data-dependent, with policymakers leaving options open for the December meeting, but overall economic activity remains resilient and that might push officials to think twice before signalling aggressive easing.

The Fed’s Adriana Kugler was on the wires, giving her view on the central bank’s stance.

Kugler stated that the Fed's policy is flexible, well-positioned for uncertainties, and aims to achieve a neutral stance as inflation trends toward 2%.

Kugler commented that the economic strength stems from a solid labor market, productivity growth and immigration, though risks like supply shocks remain.

Kugler stressed that disinflation continues, with modest labor cooling balancing progress; trade policy impacts are yet unclear.