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2:35 PM · 19 January 2023

USD sees little reaction to upbeat claims and Philly Fed data

The number of Americans filling for unemployment benefits was 0.190 million in the week ended January 14, compared to 0.205 million reported in the previous week. Today’s reading came in well below market expectations of 0.214 million.
Continuing claims reading, which lags initial jobless claims data by one week, rose to 1.647 million from 1,634 million, while analysts expected an increase to 1.660 million.
The Philadelphia Fed Manufacturing Indexincreased to -8.9 in January from -13.8 in December and below market expectations of -11.0.
Housing starts for December came in at 1382k, compared to market estimates of 1.359 million. Building permits at 1.33million, much lower than expected 1.37 million

EURUSD is rather unimpressed by today's data. The pair continues to trade around 1.8000 level. Source: xStation5

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