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BREAKING: Jobless Claims much below expectations, EURUSD ticks lower!

1:31 PM 7 September 2023

USA, Jobless Claims:

  • Actual: 216k. Expectations 233.5k; Previously 228k

Labor costs:

  • Productivity for Q2 (final): 3.5% (expected: 3.4%; previously: 3.7%)
  • Labor costs for Q2 (final): 2.2% (expected: 1.9%; previously: 1.6%)

Jobless claims came in much below expectations, reaching the lowest level in a couple of months. EURUSD ticked lower after the publication, as investors priced in a higher probability of a Fed interest rate hike.

source: xStation 5

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