US: Weekly Initial Jobless Claims decline to 204K

There were 204,000 initial jobless claims in the week ending December 31, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 223,000 and came in better than the market expectation of 225,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 213,750, a decrease of 6,750 from the previous week’s revised average.

EUR/USD quickly returned to the negative territory in response to the abrupt uptick in the Greenback, which approaches the key 105.00 hurdle when measured by the USD Index (DXY).