Analyst comments on U.S. initial claims data last week: Affected by the hurricane, not a fundamental trend
Forexlive analyst Adam Button stated that the number of initial jobless claims decreased by 17,000 compared to the revised level of the previous week. This suggests that the increase in this data is more due to the impact of hurricanes rather than a basic trend. Although a decrease in initial claims is positive, an increase in continued unemployment claims indicates that some workers need more time to find new jobs. Given recent growth in this data, there has been some concern about it, but today's figures have returned to their original state, leading to a rise in the dollar.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XMAQUINA to conduct $DEUS TGE through proposal, with 110 million DEUS allocated for the final round of presale
Sui Network: Native wBTC is now cross-chain interoperable on Sui
The US spot Solana ETF saw a net inflow of $19.2 million over the past week.
Uniswap founder: Uniswap CCA's first auction has ended, with bids reaching $59 million