Tag Archives: Jobless Claims

The GBP/USD pair experienced a sharp drop in the North American session following robust US data, highlighting the case for additional Federal Reserve tightening and higher Treasury bond yields. The upward revision of US GDP and a drop in Initial Jobless Claims suggest a bright US economic picture, triggering the …

The dollar fell on Tuesday, but is trading in a narrow range, as investors remain cautious ahead of inflation data due in the United States later in the day, coinciding with the start of the Federal Reserve’s two-day monetary policy meeting. The Consumer Price Index report issued by the US …

During early European trading on Friday, the US dollar rebounded from sharp losses in the previous session, as traders sought safe-haven assets following weak Chinese inflation data. Despite showing resilience against its major currency counterparts, the currency’s gains were presently limited, with modest daily gains near 103.50 after suffering its …

The dollar fell on Friday, June 9, affected by the drop in US Treasury bond yields, after an increase in the number of weekly jobless claims in the United States raised hopes that US interest rates would reach their peak, with focus shifting to major central bank meetings to be …

On Thursday, the US stock market climbed higher as it built on its recent gains. Traders were looking ahead to key inflation data next week as well as the Federal Reserve’s latest policy announcement. The Dow Jones Industrial Average added 168.59 points, or 0.5%, to close at 33,833.61. The S&P …

The GBP/USD pair skyrockets as US Jobless Claims are seen soaring and market participants expect the US central bank to pause policy tightening. The US Treasury bond yields are pressured and the US Dollar Index collapsed by 0.73%. The GBP/USD pair has surged due to a weakened US dollar and …

The US Dollar has weakened against its major rivals on Thursday after the US Department of Labour announced that there were 261,000 Initial Jobless Claims last week. The Dollar Index, which gauges the USD’s valuation against a basket of six major currencies, stays deep in negative territory below 103.50. According …

US data pointed to a resilient economy while progress on US debt ceiling talks remained elusive, helping Treasury yields higher and the US Dollar to score its highest level in over two months. Traders were wary of a possible default in early June while US President Joe Biden and top …

The weekly data published by the US Department of Labour (DOL) on Thursday showed that initial jobless claims totaled 264,000 in the week ending May 6. The figure comes in above market expectations of 245,000 and follows the previous week’s unrevised figure of 242,000. The reading was the highest since …

Wall Street dropped again due to banking concerns, and US bond yields hit fresh monthly lows amid expectations of rate cuts from the Federal Reserve during the second half of the year. Although the US Dollar Index (DXY) rose modestly, boosted by the decline in EUR/USD, the Greenback lost ground …