A better than expected jobs number from the US: 265K. Continuing claims are down to 2.228 million, also better than predicted. No revisions were reported. The 4 week moving average is down to 279.5K – the lowest since May 2000.
The US dollar is extending its gains, with EUR/USD down to 1.1265.
The US was expected to report weekly jobless claims at 277K, up from 262K reported originally last week.
The US dollar enjoyed a recovery of sorts from the poor data that hit it yesterday. The question about a second quarter recovery remains open.
EUR/USD traded just under 1.13, GBP/USD around 1.5220 on election day, USD/JPY around 119.15, USD/CAD at 1.2070, AUD/USD at 0.7980 and NZD/USD at 0.7480.
Canada reported a gain of 11.6% in building permits, so the loonie stands out against other currencies.
Continued claims were predicted to stand at 2.28 million.
Tomorrow we get the ultimate jobs data: the Non-Farm Payrolls.
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