Dollar shows little reaction to a mixed batch of data from the US.
Initial jobless claims dropped 24k to 209k in the weekended April 21, below expectation of 230k. That’s also the lowest level since 1969. Four week moving averaged dropped to 229.25k, down fro 231.50k. Continuing claims dropped 29k to 1.84m in the week ended April 14.
Trade deficit narrowed sharply by -10.3% to USD 68B in March, way lower than expectation of USD -74.8B. Headline durable goods orders jumped 2.6%, much higher than expectation of 1.4%. But that’s mainly due to a big increase in contracts for Boeing. Ex-transport orders was flat, below expectation of 0.40%.
