US dollar falls after initial jobless claims hit six-week high
globalreutersDecember 5, 20241 Mins read The euro and pound rose to the best levels of the day after an uptick in US claims for unemployment benefits. Initial jobless claims hit 224K, reversing a recent slide and touching a six-week high.
The rise could be related to post-election layoffs but may also speak to fewer temporarily jobs ahead of Christmas.
The euro touched its highest since Monday but has since given some back.
Another notable driver at the moment is a proposal from a German official for common debt issuance in order to reach NATO spending targets. That’s pushed up bund yields by 5 bps to a session high.
This article was written by Adam Button at www.forexlive.com.
Recent Posts
Categories
Related Articles
USDCHF runs higher after surprise 50 bp cut by the SNB. What next?
The SNB cut rates by 50 basis points to 0.50% from 1.00%,...
EUR/USD: Choppy trading takes hold after the ECB rate cut
It's been a tough short-term trade in the aftermath of the ECB...
ECB sources: Handful of policymakers were initially in favor of 50 bps cut
Some argued that ECB is overestimating growth next year, which could be...
Natural gas prices climb after surprisingly strong US inventory draw
Natural gas is back in the hot seat.Cold, stagnant weather in Germany...
Leave a comment