- US GDP for the third quarter has been revised down to 4.9% year-on-year from 5.2%.
- Unemployment claims in the US increase by 205,000, well below the expected 215,000.
- USD/JPY extends its reversal to new intraday lows at 142.07.
The US dollar extended its losses on Thursday, piercing the 142.35 support zone after the US Bureau of Economic Analysis confirmed that the US economy grew at a slower than expected pace in the third quarter.
He Final Gross Domestic Product of the US has shown an increase of 4.9% compared to the same quarter of the previous year, below the 5.2% increase estimated in preliminary readings.
At the same time, the manufacturing survey Fed from Philadelphia revealed that business conditions in the region fell to a reading of -10.5 from -5.9% in November, well below the -3 predicted by market analysts.
These figures have offset the positive impact of the initial unemployment benefit claims figures, which grew by 205,000 in the week of December 5, from 203,000 the previous week. These figures are well below the 215,000 expected and reflect the resilience of the US labor market.
USD/JPY Technical levels
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.
.jpg "All the sport that can be seen in this summer: here is the programming of Sky from engines to tennis")
