- Initial Jobless Claims in the US decreased by 16,000 in the week ending April 22.
- Continuing Jobless Claims declined by 3,000 in the week ending April 15.
- US Dollar Index rises modestly after economic reports.
Initial Jobless claims totaled 230,000 in the week ending April 22, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The print follows the previous week’s 246,000 (revised from 245,000) and came in below market expectations of 248,000. it is the lowest level in three weeks.
“The 4-week moving average was 236,000, a decrease of 4,000 from the previous week's revised average.”
Continuing Claims decreased by 3,000 in the week ended April 15 to 1.858 million, below the 1.878 million of market consensus.
“The 4-week moving average was 1,836,500, an increase of 10,250 from the previous week's revised average. This is the highest level for this average since December 18, 2021 when it was 1,838,000.”
Market reaction
At the same time, the US reported Q1 GDP that triggered a decline of the US Dollar. The DXY rose modestly after the numbers, erasing daily losses, toward 101.50.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
GBP/USD extends rebound above 1.3400 after hot UK inflation data
GBP/USD extends the rebound above 1.3400 in the early European session on Wednesday. The pair is helped by an upside surprise in the UK Consumer Price Index (CPI) data for June, which weighs on the BoE rate cut expectations and supports the Pound Sterling. The US PPI data is next in focus.
EUR/USD bounces back above 1.1600 despite market caution ahead of US PPI data
EUR/USD holds the bounce above 1.1600 in the European morning on Wednesday. The pair appreciates amid a modest US Dollar retreat, driven by traders’ caution ahead of the upcoming US Producer Price Index data due later in the day.
Gold price sticks to intraday gains amid softer risk tone, subdued USD price action
Gold price regains positive traction during the Asian session on Wednesday and has now reversed a major part of the previous day's slide to the $3,320 area. Investors remain on edge amid persistent uncertainty surrounding US President Donald Trump's trade tariffs.
Trump strikes deal to unblock crypto bills in House, GENIUS Act set for vote
US President Donald Trump steps in to revive momentum for crypto legislation in the US House of Representatives. On Wednesday, Trump announced that 11 of the 12 House representatives have agreed to support the GENIUS ACT bill.
China’s first-half growth remains on track, though activity data signals caution
China's second-quarter GDP beat forecasts again with a 5.2% year-on-year growth, driven by strong trade and industrial production. Yet sharper-than-expected slowdowns in fixed-asset investment and retail sales and falling property prices are a concern.
Best Brokers for EUR/USD Trading
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.