Dollar trades generally lower in early US session after slightly lower than expected inflation reading. Headline CPI slowed from 2.7% yoy to 2.3% yoy, missed expectation of 2.4% yoy. Core CPI was unchanged at 2.2% yoy, missed expectation of 2.3% yoy.
Initial jobless claims rose 7k to 214k in the week ended October 6, missed expectation of 205k. Four-week moving average of initial claims rose 2.5k to 209.5k. Continuing claims rose 4k to 1.66m in the week ended September 29. Four-week moving average of continuing claims dropped -10k to 1.656m, lowest since August 18, 1973.
Also released Canada new housing price index rose 0.0% mom in August, missed expectation of 0.2% mom.
