US jobless claims rise to 276K

Disappoint jobs data from the US: a rise in jobless claims to 276K. Also continuing claims are on the rise with 2.163 million. Unit labor costs rose only 1.4% against 2.3% expected. Non -farm productivity rose 1.6%.

USD is sliding very marginally.

US jobless claims were expected to tick higher to 264K from 260K last week (before revisions). Continuing claims stood on 12.144 million last time. Non-Farm Productivity was expected to rise 0.1% and unit labor costs were predicted to rise by 2.2% in Q3 after a fall of 1.4% last time.

The US dollar was somewhat weaker during the day.

Towards the release, EUR/USD was trying to recover towards 1.09, GBP/USD was on the ground after the Carney Carnage, USD/JPY got closer to 122, USD/CAD was around 1.3155, AUD/USD at 0.7150 and NZD/USD at 0.6615

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