The number of Americans filing for unemployment benefits was 0.360 million in the week ended July 10th, compared to 0.373 million rise reported in the previous week. Today’s reading came in line with market expectations. However, claims are still far from the 200 thousand level reported back in February due to slow labor market recovery.
Continuing claims reading, which lags initial jobless claims data by one week, dropped to 3.241 million, while analysts expected a decrease to 3.313 million.
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EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around local support at 1.1807 level. Source: xStation5
