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 U.S Initial Jobless Claims rose from 275K to 282K in the previous week, analysts had expected Initial Jobless Claims to fall to 270K last week.
Jobless Claims 4-Week Avg. rose to 271.50K from 266.50K in the previous week….
This development could add some pressure on US dollar , a corrective pullback could be seen in the upcoming hours…