2:30 PM · 28 December 2023

BREAKING: US jobless claims higher than expected. US dollar loses 📉

USDIDX

Indices

US jobless claims: 218 k vs 210 k exp. and 205 k previously

Continued jobless claims: 1,875 mln vs 1,875 mln exp. and 1,865 mln previously

Today's report indicates that US job market cools off, as Federal Reserve hold rates much above inflation level. At the same time, a pace of this cooling down is still low and surprise on Wall Street is not very big, with reading 8 k higher than expected. Today's job market data are quite negative for US dollar and seems to be positive for short term stock market sentiments.

Source: xStation5

Source: Bureau of Labor Statistics, Macrobond, XTB Research

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