Latest weekly jobless data now out
- 275k prev
- continuing claims w/e 5 Sept 2237k vs 2258k exp vs 2260k prev
As Greg pointed out "This weeks US initial claims, will include the US Labor Day holiday. When a week includes a holiday it has the potential to distort the data".
Fed won't be gleaning too much from this data vs expectations. Markets likewise but latest release show levels at 2month lows so it's encouraging at the very least
EURUSD 1.1327 USDJPY still unable to breach 121.00 GBPUSD 1.5517
