- USA: Unemployment benefit claims jump to highs in months.
- Market waiting for Powell and Biden’s speech.
- Dollar gains moment despite the data and clears losses.
He EUR / USD broke below 1.2130 and fell to 1.2109, reaching the lowest level since December 11. The price remains in the area of the minimum before a general strengthening of the dollar. US employment data marked a decline.
Before the opening of Wall Street, the dollar gained momentum and extended the rise even after the publication of the report of requests for unemployment benefits that showed the worst figures in months. Nor was it affected by a drop in Treasury yields.
Initial claims for unemployment benefits increased by 181,000 to 965,000, against the 789,000 expected. Continued orders also registering a significant and unexpected rise. This draws more attention to what will be Fed Chairman Powell’s speech and the presentation of President-elect Biden’s economic package.
The euro for its part continues to be one of the weakest. Thursday is falling even against commodity currencies, the pound and the yen. The weakness around the common currency has already accumulated a week.
Technical levels
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
