Similar to last year, the U.S. economy has emerged from its first quarter lull.
The number of U.S. job openings rose to the highest level on record in April, a sign of health in the labor market.
Americans’ paychecks are finally starting to grow.
Pent-up demand for machinists, engineers and information and technology workers is helping to offset energy-related job layoffs.
Economic benefits of the lower oil prices have been slow to materialize.
The pickup in wages, coupled with robust job growth, is likely to reassure Fed officials the U.S. economy is healthy enough to begin raising interest rates.
As the Federal Reserve is set to raise interest rates while most other central banks are still easing monetary policy, the dollar could very well appreciate more.
Source : Deutsche Asset & Wealth Management