US Jobless Claims in the Spotlight Today

Today's US unemployment insurance weekly claims report could attract some attention. So-called initial claims have jumped over the past two weeks (highlighted in yellow on the graph below).

The consensus forecast for today's report is 362,000. Another high figure could add momentum to today's US dollar sell-off. For traders looking to sell the greenback on rallies, a slightly better [lower] than expected figure could give the dollar a temporary boost.

Curt Wehrley
Twitter: @fxcoachcurt
FX Strategist
Licenses: Series 3, 34

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