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US: Initial Jobless Claims decline to 207K vs 215K expected

  • Initial Jobless Claims dropped to 207K in the week ending April 11, below forecasts.
  • Continuing Jobless Claims increased to 1.818M from a previous revised 1.787M.

The US Department of Labor (DOL) reported on Thursday that the number of US citizens filing new applications for unemployment insurance decreased to 207K for the week ending April 11, down 11K from the previous week's revised level.

Additionally, the advance number for seasonally adjusted insured unemployment during the week ending April 4 was 1,818,000, an increase of 31,000 from the previous week's revised level. The previous week's level was revised down by 7,000 from 1,794,000 to 1,787,000.

Market reaction

The US Dollar (USD) was not affected by data, maintaining its moderate strength across the FX board as investors await clarity about potential negotiations between the United States and Iran.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD0.14%0.11%0.05%-0.12%-0.03%0.37%0.20%
EUR-0.14%-0.03%-0.07%-0.26%-0.17%0.20%0.06%
GBP-0.11%0.03%-0.04%-0.24%-0.14%0.24%0.09%
JPY-0.05%0.07%0.04%-0.17%-0.07%0.26%0.15%
CAD0.12%0.26%0.24%0.17%0.09%0.47%0.33%
AUD0.03%0.17%0.14%0.07%-0.09%0.37%0.25%
NZD-0.37%-0.20%-0.24%-0.26%-0.47%-0.37%-0.14%
CHF-0.20%-0.06%-0.09%-0.15%-0.33%-0.25%0.14%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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