The number of Americans filling for unemployment benefits was 0.235 million in the week ended July 2, compared to 0.231 million reported in the previous week. Today’s reading came in above market expectations of 0.230 million and is another sign of weakening labour market.
Continuing claims reading, which lags initial jobless claims data by one week,also increased to 1375 million from 1.324 million, while analysts expected an increase to 1.327 million.
EURUSD barely reacted to the release of claims data. Source: xStation5
Economic calendar: German CPI and Canadian GDP in focus
BREAKING: Swiss GDP data weaker than expected 📌Spanish CPI above forecats
Consumer spending rises in France; inflation prelim declines📋
EURNOK muted after weak Germany retail sales and Norwegian unemployment