The number of United States (US) citizens submitting new applications for unemployment insurance decreased to 227K for the week ending February 7. The latest print came in higher than estimates (222K) but was lower than the previous week’s revised 232K, according to the US Department of Labor (DOL) report released on Thursday.
Additionally, the 4-week moving average increased by 7,000, bringing it to 219.5K from the revised average of the previous week (212.5K).
The report also indicated that Continuing Jobless Claims increased by 21K to 1.862M for the week ending January 31.
Market Reaction:
The US Dollar (USD) was little changed, with the US Dollar Index (DXY) trading near 96.80.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.11% | -0.20% | 0.03% | -0.02% | -0.16% | -0.40% | -0.28% | |
| EUR | 0.11% | -0.07% | 0.15% | 0.09% | -0.05% | -0.28% | -0.17% | |
| GBP | 0.20% | 0.07% | 0.23% | 0.17% | 0.03% | -0.21% | -0.09% | |
| JPY | -0.03% | -0.15% | -0.23% | -0.08% | -0.20% | -0.48% | -0.33% | |
| CAD | 0.02% | -0.09% | -0.17% | 0.08% | -0.13% | -0.38% | -0.26% | |
| AUD | 0.16% | 0.05% | -0.03% | 0.20% | 0.13% | -0.24% | -0.13% | |
| NZD | 0.40% | 0.28% | 0.21% | 0.48% | 0.38% | 0.24% | 0.12% | |
| CHF | 0.28% | 0.17% | 0.09% | 0.33% | 0.26% | 0.13% | -0.12% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Source: https://www.fxstreet.com/news/us-initial-jobless-claims-decreased-to-227k-last-week-202602121344
