US Jobless Claims rise more than expected. Retail Sales Rise 7.5% in June

The number of Americans filling for unemployment benefits was 1.3 million in the week ended July 11th, after 1.31 million in the previous period, bringing total claims to near 51.30 million since March 21st when the coronavirus pandemic started in the US. Today’s reading came in above market expectations of 1.25 million and showed the lowest level since the coronavirus crisis began. 

Continuing claims, which lags initial jobless claims data by one week, reach  17.3 million, while analysts expected a drop to 17.6 million.

 

Meantime retail sales in the United States grew by 7.5 % month-over-month in June 2020, following 17.7% gain in May and beating market expectations of 5.0% increase.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.14 support level. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.