BREAKING: USD weakens slightly after upbeat claims data

The number of Americans filing for unemployment benefits was 0.290 million in the week ended October 16, the lowest level since March 2020, compared to 0.293 million reported in the previous week. Today’s reading came in below market expectations of 0.300 million.

Continuing claims reading, which lags initial jobless claims data by one week, dropped to 2.481 million from 2.593 a week before, while analysts expected a decrease to 2.550 million.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1640 level. Source: xStation5

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