- Initial and continuing orders rise more than expected to highs in months.
- The dollar falls after data on subsidies and requests for durable orders.
- The FOMC minutes will come later.
The Department of Labor reported that the initial claims for unemployment benefits they increased by 24,000 in the week ending November 19 to 240,000, above the 225,000 market consensus. This is the highest reading since August and the second-biggest rise in five months.
The continued subsidy requests rose 48,000 in the week ending November 12 to 1,551,000, above the 1,517,000 expected. It is the highest level since March.
The report is published on Thursdays, but exceptionally it was released on Wednesday, since tomorrow will be a holiday in the US for Thanksgiving.
At the same time, the durable goods orders report was published. The dollar it fell in the market after the figures, marking lows against several of its rivals. Later it will be the turn of the consumer confidence report and new home sales data. In the American afternoon the minutes of the last meeting of the Federal Reserve will arrive.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
