Disappointing data from the US labor market: jobless claims rise to 297K, worse than 275K expected. Continuing claims are up to 2.334 million. This also lifts the 4 week moving average to just under 280K.
The dollar is not really reacting so far.
The weekly jobless claims were expected to slide to 274K from 281K last week (before revisions). Last week’s publication was overshadowed by the early Non-Farm Payrolls.
Before the publication, EUR/USD traded around 1.1050, GBP/USD around 1.54, USD/JPY at 121.50, USD/CAD under 1.27, AUD/USD at 0.7460 and NZD/USD at 0.6740. All in all, some “risk on” mood returned to the markets, especially as Chinese stocks rebounded and also as some hope emerged from the latest Greek talks.
Later we have a speech from FOMC member Lael Brainard.
In Greece, the latest is optimism in Athens, pessimism elsewhere.
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