BREAKING: EURUSD reacts to US jobless claims & labor costs data 🗽

US jobless claims came in at 208k vs 212.4 exp. and 199k previously

Continued jobless claims: 1.914M vs 1.9M exp. and 1.86M previously

US Unit Labor Costs: -1.9% (Forecast -0.088%, Previous 1.0%)

US productivity came in at 4.9% vs 5% exp. and 3% previously

The report is overall positive for the stock market, singalling falling YoY labor costs (down almost 2%) but still solid (low) jobless claims and almost 5% higher productivity level. EURUSD reaction is mixed but quite strong economic conditions in the US support US dollar.

Source: xStation5

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