US Jobless Claims Top 2.4M

The number of Americans filling for unemployment benefits was 2.438 million in the week ended May 16th, bringing total claims to approximately 39.0 million since March 21st when the pandemic started in the US. Today’s reading came in slightly above market expectations of 2.4 million and is the smallest rise in initial claims since a record of 6.867 million in the week ended March 28th. Last week 2.981 million people filled unemployment claims.

EURUSD – today’s jobless claims report did not have a a significant impact on the most popular currency pair. EURUSD is testing 1.10 level. Source: xStation5

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