U.S. initial jobless claims 295K vs. 290K forecast ,USD slides !

forex jobless min
forex jobless min

Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

The number of individuals filing for initial jobless benefits last week rose to  295K, from 294K in the previous week , analysts had expected initial jobless claims to fall to 290K last week.

The 4-Week Avg also rose to 284.50K vs. 282.75K last read .This development is likely to put the US dollar under pressure , any rise for the USD should be taken as an opportunity to sell the USD..