Challenger report on planned lay-offs for November was released at 12:30 pm GMT today. Report showed planned lay-offs at 45.51 thousand, up from 36.84 thousand in October. However, on an annual basis, this marked a 40.8% YoY drop. That shows that US labour market remains tight but a pick-up in planned lay-offs also adds arguments to Fed's view of no need to hike rates anymore.
USD ticked lower following the release, but scale of the move was very small. EURUSD gained around 0.05% in the first minutes following the release.
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EURUSD gained slightly after Challenger report release but scale of the move was very small. Source: xStation5
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