Page 8 - Initial Claims News Today

USD/CAD seems to extend its losses for the third consecutive session, trading slightly lower near 1.3680 during the Asian hours on Thursday.

The Australian Dollar (AUD) attempts to snap the recent losses on Thursday as the US Dollar (USD) retreats after hitting gains for two successive days.

WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits fell more than expected last week, but that likely does not change the view that the labor market is gradually slowing as higher interest rates cool demand in the economy. Though the weekly jobless claims report from the Labor Department on Wednesday also showed unemployment rolls declining for the first-time since mid-September, they remained near the highs for this year. Slowing demand for labor and sub...

Some key economic releases with the US on holiday in the final part of the week.

The AUD/USD declined on Thursday and fell below 0.6500. However, despite this correction, the short-term outlook still favors the upside as the Greenback remains under pressure due to weaker US labor market data and declining US Treasury yields.

The USD/CAD pair loses momentum during the Asian session on Friday.

The USD Index (DXY), which measures the greenback vs. a bundle of its main competitors, trades with humble losses around the 104.50 region on Thursday.

The Euro (EUR) manages to generate some upside traction against the US Dollar (USD), motivating EUR/USD to attempt a tepid bounce to the 1.0860 zone on Thursday.

Spot Gold rose significantly on Thursday, resuming the upside.

During the Asian session, New Zealand will release Producer Inflation data.