New US unemployment insurance claims fell to 194K in the week ending 24 October, according to the US Department of Labour (DOL). That was below forecasts of 199K and slightly under the prior week’s 195K, which was revised from 194K. The four-week moving average eased by 1.25K to 196.75K, compared with the previous week’s revised 198K.
Continuing Claims Drop
Continuing Jobless Claims declined by 21K to 1.701M for the week ending 17 October.
Market Reaction
Following the release, the US dollar firmed, with the US Dollar Index (DXY) recovering part of the previous session’s drop and trading above 102.00 on Thursday.
