US weekly Initial Jobless Claims decline to 224,000 vs. 225,000 expected
Source Fxstreet
- Initial Jobless Claims in the US fell by 13,000 in the week ending December 13.
- The US Dollar Index stays in negative territory below 98.50.
There were 224,000 Initial Jobless Claims in the week ending December 13, a decrease of 13,000 from the previous week's revised level, the US Department of Labor (DOL) reported on Thursday. This reading came in better than the market expectation of 225,000.
In this period, the 4-week moving average declined by 5,00 to 217,500.
"The advance number for seasonally adjusted insured unemployment during the week ending December 6 was 1,897,000, an increase of 67,000 from the previous week's revised level," the DOL noted in its press release.
Market reaction
The US Dollar Index stays on the back foot and was last seen losing 0.1% on the day at 98.30.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin's near-term upside remains constrained by persistent selling from investors sitting on losses, creating a fragile trading environment as markets enter a typically low-liquidity holiday period.
BOJ Set to Hike Rates Amid Inflation Pressures and Yen Weakness
The Bank of Japan is expected to raise its benchmark interest rate to 0.75% on December 19, marking its first increase since early 2025, amidst ongoing inflation and a weakening yen. Analysts predict additional hikes in 2026 as the central bank navigates renewed monetary policy normalization under Governor Kazuo Ueda.
The Bank of Japan is expected to raise its benchmark interest rate to 0.75% on December 19, marking its first increase since early 2025, amidst ongoing inflation and a weakening yen. Analysts predict additional hikes in 2026 as the central bank navigates renewed monetary policy normalization under Governor Kazuo Ueda.
Asian equities advanced on Wednesday, supported by strong buying in technology shares, while oil prices surged more than 1% following an escalation of U.S. sanctions pressure on Venezuela.
Australian Interest Rate Cuts Postponed to 2027 Amid Rising Inflation Pressures, Westpac PredictsWestpac analysts forecast the Reserve Bank of Australia will hold interest rates steady through 2026, with potential cuts now expected in early to mid-2027 due to resurging inflation and labor market concerns.
Westpac analysts forecast the Reserve Bank of Australia will hold interest rates steady through 2026, with potential cuts now expected in early to mid-2027 due to resurging inflation and labor market concerns.
Cryptocurrencies Extend Losses as Year-End Caution and Thinning Liquidity Weigh on MarketThe cryptocurrency market declined on Monday, mirroring a pullback in global risk assets as investors turned cautious ahead of key U.S. economic data. The broad-based retreat highlighted thinning liquidity and growing risk aversion across financial markets as the year draws to a close.
The cryptocurrency market declined on Monday, mirroring a pullback in global risk assets as investors turned cautious ahead of key U.S. economic data. The broad-based retreat highlighted thinning liquidity and growing risk aversion across financial markets as the year draws to a close.
