US: Weekly Initial Jobless Claims fall to 214K vs. a rise to 230K expected

Initial Jobless Claims in the US fell by 12K in the week ending October 14.
US Dollar Index remains depressed near the daily low after the release.

Haresh Menghani FXStreet

There were 214,000 initial jobless claims in the week ending October 14, weekly data published by the US Department of Labor (DOL) showed on Thursday. This print follows the previous week's downwardly revised reading of 226,000 and beats market expectations for a rise to 230,000.

Further details of the publication revealed that the 4-week moving average was 212,250, an increase of 1,250 from the previous week's downwardly revised reading of 211,000.

Market reaction

The US dollar bulls seem rather unimpressed by the data amid a modest recovery in risk sentiment. This, along with a goodish pickup in demand for the British pound, keeps the USD depressed near the daily low.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

AUD/USD losses steam at 0.7000 as PMIs signal a deceleration

The Australian Dollar retreats 0.17% against the US Dollar on Thursday as sentiment soured on US tech stocks falling on worries about AI valuations, while Oil surged on an escalation of the US-Iran conflict. The AUD/USD trades at 0.7017.

USD/JPY declines to a one-week low; eyes trading range support near 157.50 on weaker USD

USD/JPY drops to a one-week low during Thursday’s Asian session, with bears now awaiting a break below multi-week range support near mid-157.00s before placing fresh bets amid a broadly weaker US Dollar. Despite bets for a December Fed rate hike and Middle East jitters, the recent decline in US bond yields keeps USD depressed near a three-week low. Moreover, hawkish BoJ expectations and intervention risks underpin the Japanese Yen, further weighing on the currency pair.

Gold falls to two‑month low below $4,050 as oil spikes

Gold price falls to the lowest in more than two months near $4,025 during the early Asian session on Friday. The precious metal faces some selling pressure as escalating tensions in the Middle East send oil surging ahead of a Federal Reserve policy meeting.

Bitcoin falls 4% as chip stocks plunge 6.7% and oil surges

Bitcoin (BTC) fell below $82,000 on Thursday as the crypto market joined a broader market sell-off driven by concerns over artificial intelligence (AI) spending, rising oil prices and escalating geopolitical tensions involving the US and Iran. The top crypto fell 4% to $81,130 as macro fears weighed on prices across the digital asset market.

The Bank of England just got its clearest reason to hike. Here's what it's really watching

UK inflation as measured by the CPI accelerated to 3.5% YoY in September, up from 3.1% in August, according to the Office for National Statistics. This is the highest level since October 2025, exceeding economists' expectations of 3.4% and pushing inflation further from the BoE's 2% target.

What November 3 means for the Fed's rate path and the US Dollar

The USD faces a decisive period ahead of the November 3 midterm elections. While markets anticipate another interest rate increase from the Fed in December, the battle for control of Congress could reshape fiscal policy expectations and, indirectly, the path of US monetary policy in 2027.