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    US weekly Initial Jobless Claims decline to 210K vs. 215K expected

    Source Fxstreet
    Mar 21, 2024 12:37
    • Initial Jobless Claims in the US decreased by 2,000 in the week ending March 16.
    • US Dollar Index clings to modest daily gains above 103.50.

    There were 210,000 initial jobless claims in the week ending March 16, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 212,000 (revised from 209,000) and came in better than the market expectation of 215,000.

    Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 211,250, an increase of 2,500 from the previous week's revised average.

    "The advance number for seasonally adjusted insured unemployment during the week ending March 9 was 1,807,000, an increase of 4,000 from the previous week's revised level," the publication read.

    Market reaction

    The US Dollar Index clings to modest daily gains above 103.50 in the early American session.

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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    BoC Governor Macklem will add to a number of CAD risk events – TD SecuritiesAnalysts at TD Securities note that Bank of Canada (BoC) Governor Macklem will add to a number of CAD risk events on Tuesday afternoon when he holds a fireside chat with Federal Reserve Chairman Jerome Powell at 17:15 GMT.
    Source  Fxstreet
    Analysts at TD Securities note that Bank of Canada (BoC) Governor Macklem will add to a number of CAD risk events on Tuesday afternoon when he holds a fireside chat with Federal Reserve Chairman Jerome Powell at 17:15 GMT.
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    Macklem speech: June rate cut is possibleTiff Macklem, Governor of the Bank of Canada (BoC), and Senior Deputy Governor Carolyn Rogers explain the BoC decision to leave the interest rate unchanged at 5% after the April policy meeting and respond to questions from the press.
    Source  Fxstreet
    Tiff Macklem, Governor of the Bank of Canada (BoC), and Senior Deputy Governor Carolyn Rogers explain the BoC decision to leave the interest rate unchanged at 5% after the April policy meeting and respond to questions from the press.
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    PBoC sets USD/CNY reference rate at  7.0959 vs 7.0956 previousThe People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.0959 as compared to the previous day's fix of 7.0956 and 7.2300 Reuters estimates.
    Source  Fxstreet
    The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.0959 as compared to the previous day's fix of 7.0956 and 7.2300 Reuters estimates.
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