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?
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