The Department of Labor reported that Initial claims for unemployment benefits remained at 205,000 in the week ending December 18, matching the market consensus.
Regarding the continued claims for unemployment benefits, these were reduced by 8,000 in the week ended December 11 to 1,859,000, the lowest level since March 2020. Expectations were for a drop greater than 1,820,000.
At the same time, there was a rise in the underlying price index for personal consumption spending above expectations and data for durable goods orders. The dollar was not significantly affected after the data. USD / JPY fell back from the recent highs in weeks and EUR / USD hovered above 1.1300.
The University of Michigan Consumer Sentiment Index and the New Home Sales Report will be released later on Thursday. It will be the last impact data of the week.
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