BREAKING: USD muted after claims and PPI data

The number of Americans filling for unemployment benefits was  0.230 million in the week ended January 8, compared to 0.207 million reported in the previous week. Today’s reading came in above market expectations of 0.200 million. 

Continuing claims reading, which lags initial jobless claims data by one week, dropped to 1.559 million from 1,754 million, while analysts expected a decrease to 1.733 million. 

Producer Prices in the US increased to 9.7%YoY in December from 9.6% in the previous month, below market expectations of 9.8%.

Producer prices for final demand in the US excluding foods and energy increased to 8.3% year-on-year in  December, following a 7.7% gain in November and beating market expectations of a 8.0% rise.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1465 level. Source: xStation5