The USD is at least managing to recover some of its wide losses after the initial jobless claims once again reiterated that the employment reports remain as the shining light for the US economy. Weaknesses are evident elsewhere in the US economy, but these continually strong employment reports will at least prevent doubts from appearing that the Federal Reserve will swerve away from its repeated commitment to begin raising interest rates during 2015. In addition, this latest set of figures should also prevent the USD from being vulnerable to further softness at least for now.
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