The US Dollar

Disappointing U.S. Jobless Claims Continue Upward Trend

Last week, the US jobless claims fell short of expectations across all indicators, with Continuing Claims displaying a notable and concerning upward trajectory. As of the latest update, the consensus for this week anticipates Initial Claims at 225K, a slight improvement from the previous week's 235K.

Currently, there is no clear expectation for Continuing Claims as of the time of writing.

The persistent trend of jobless claims missing projections and the notable increase in Continuing Claims suggest ongoing challenges in the labour market.

The coming week's data will be closely watched to assess whether the labour situation shows signs of improvement or further indicates challenges in the employment landscape.

Thursday will be quiet as it is the Thanksgiving holiday, note no payments will be made on this day.

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