Accordingly to the NY FED decline in the WEI is driven by the continued fall of fuel sales, to about half the level seen in 2008, due to stay-at-home orders and similar restrictions, considerably lower federal tax withholdings, a fourth successive week of initial unemployment insurance (UI) claims in the millions (4.97 million, not seasonally adjusted), and further decreases in rail traffic and electric utility output.
Economic Calendar: U.S. Unemployment Claims in spotlight (12.03.2025)
BREAKING: EURUSD muted after stable US CPI report 🇺🇸 📌
Market Wrap: Market awaits Middle East resolution and US CPI🕞
Economic calendar: US CPI inflation the key release 🔎