US: Initial Jobless Claims dropped a tad to 224K last week

Initial Jobless Claims eased below consensus to 224K.
Continuing Jobless Claims decreased to 1.856M.

Pablo Piovano FXStreet

US citizens filing new applications for unemployment insurance ticked lower to 224K for the week ending March 22, as reported by the US Department of Labor (DOL) on Thursday. This print missed initial estimates and was slightly lower than the previous week's revised tally of 225K (revised from 223K).

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average dropped by 4.750K to 224K from the prior week’s revised average.

Moreover, Continuing Jobless Claims went down by 25K to reach 1.856M for the week ending March 15.

Market reaction

The Greenback reverses Wednesday’s uptick and prompts the US Dollar Index (DXY) to trade in the low-104.00s along with the mixed performance in US yields across the curve.

Author

Pablo Piovano
FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

More from Pablo Piovano

Share:

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold consolidates below $5,150 as traders await Trump's State of the Union address

Gold steadies below the $5,150 level following the previous day's pullback from the monthly peak as traders opt to wait on the sidelines ahead of Trump's State of the Union address. In the meantime, trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion. However, the Fed's less hawkish outlook underpins the US Dollar, which, along with a positive risk tone, caps the upside for the non-yielding yellow metal.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.