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US jobless claims: 275K as expected

The weekly barometer of jobs remains very steady: 275K  unemployment claims, exactly as expected. Last week’s number was revised down from 282K to 281K, far from earth shattering. Continued claims stand at 2.26 million.

The dollar remains stable. It’s one week until the big Fed decision.

Jobless claims were expected to  slip back down to 279K this week after 282K last week.Continuing claims were predicted to stand at 2.25 million.

Towards the publication, EUR/USD traded under 1.12, GBP/USD dropped back under 1.54 and USD/JPY stood above 121.

Import prices carried expectations for a drop of 1.7% after -0.9% beforehand. The actual number is a drop of 1.8%.

Jobless claims have been generally  stable at low levels of late, going hand in hand with  the steady employment gains and the drop of the unemployment rate.

The market is  focusing more and more on next week’s rate decision by the Fed. Will they or won’t they?

Fed decision in September – all the updates

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.