Some good news from the US: jobless claims dropped to 283K, better than 293K predicted. This is a 21K fall. The 4 week moving average is down to 283.25K. Continuing claims stand at 2.425 million, somewhat above expectations. Nevertheless, this is a positive report all in all.
The US dollar is marginally stronger against the yen, but not so much against the euro.
The United States was expected to report a drop of unemployment claims to 293K, down from 304K seen last week.
The US dollar was stronger across the board, recovering from the dovish FOMC meeting minutes. USD/JPY traded above 119 and EUR/USD around 1.1380, also due to the latest developments in Greek crisis. GBP/USD was around 1.5415.
Jobless claims have been more volatile of late, with a big drop followed by a big jump. They provide a weekly barometer of the US jobs market.
Here is the preview:Â USD/JPY: Trading the US Unemployment Claims
Later we have the Philly Fed Manufacturing Index. After the Fed minutes yesterday, the focus returns to Greece.
