US: Initial Jobless Claims increased less than estimated last week
Source Fxstreet
- Initial Jobless Claims rose by 201K from a week earlier.
- Continuing Jobless Claims also surprised to the downside.
US citizens that applied for unemployment insurance benefits increased by 201K in the week ending February 17 according to the US Department of Labor (DoL) on Thursday. Once again, the prints came in on the strong side and followed a 213K gain in the previous week.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% (from 1.3%) and the 4-week moving average stood at 215.25, a decrease of 3.500K from the previous week's revised average.
In addition, Continuing Claims decreased by 27K to 1.862M in the week ended February 10.
Market reaction
The US Dollar Index regained strength and rose to the 104.00 region following the earlier drop to the 103.40 zone.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
Precious metals' volatility mirrored Bitcoin's downturn as it targets lower price points.
Bitcoin's plunge to $70K triggers a $775M leverage washout, driving a capital rotation into quantum-secure infrastructure project BMIC as investors seek uncorrelated alpha.
Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Gold returns to the $5,000 mark as Bitcoin prices weaken to hit new lows; what is the future outlook?During the Asian session on Wednesday (February 4), gold ( XAUUSD) prices continued to
