USD: Recent jobless claims dampen labour market optimism

The dollar remains weak against the euro after US jobless claims rose more than anticipated last week, to 861,000.

Nonetheless, President Biden has announced his determination to rebuild the US economy saying, “now is the time we should be spending. Now is the time to go big”, as he pushes for his stimulus package.

Later today, we will see data released for US manufacturing and services activity, as well as property sales.

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