Jobless claims higher than expected
US jobless claims were higher than expected for the week ending May 28th, however fell marginally from the previous week.
Weekly Jobless claims came in at 422’000 from 424’000 the previous week, versus consensus for a drop to 417’000. Continuing Jobless claims were also higher than expected at 3.711M versus 3.675M, up from the previous 3.690M.
EUR/USD traded higher to 1.4472 from 1.4460 after the jobless claims data release, but fell back to 1.4451.
RTFX Ltd (“RTFX”) is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX at the time of preparation. They are thus subject to change without notice. RTFX believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX or any director, officer or employee.
