HomeLive CommentsDollar rally extends as initial jobless claims dropped to lowest since 1969

Dollar rally extends as initial jobless claims dropped to lowest since 1969

ActionForex
By ActionForex

Dollar rally extends in US session after another set of stellar job data. Initial jobless claims dropped -8k to 207k in the week ended July 14, beating expectation of 221k. That’s also the lowest level since December 6, 1969. The four-week moving average of initial claims dropped -2.75k to 220.5k.

Continuing claims rose 8k to 1.751m in the week ended July 7. Four-week moving average of continuing claims rose 6.25k to 1.736m.

Also from the US, Philly Fed business outlook rose sharply to 25.7 in October, well above expectation of 20.6.

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