- Both initial and continuing orders showed better than expected figures.
- The dollar manages to move slightly away from the lows of the day after the economic data.
The Department of Labor reported that Initial claims for unemployment benefits dropped to 900,000 in the week ended January 16, from the prior week’s five-month high of 926,000. The market consensus was for a reading of 910,000.
Regarding the continued requests, these fell to 5,054,000 in the week ending January 9. Is the lowest reading since March, when the effects of the coronavirus restrictions began to be felt. The data was better than expected, which was for an increase to 5.4 million.
At the same time, the report on the start of housing and the Philly Fed was published. The dollar appreciated modestly in the market, managing to move away from the lows of the day. The operators were attentive to the words of the president of the European Central Bank Christine Lagarde.
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