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.
EUR/CAD pares its recent gains from the previous session, trading around 1.6160 during the European hours on Thursday. The currency cross weakens as the commodity-linked Canadian Dollar (CAD) strengthens on Oil supply concerns driven by rising geopolitical tensions.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to build on the previous day's modest recovery gains and oscillates in a narrow band during the Asian session on Thursday.