The dollar has strengthened to its highest level in a week against the euro, benefitting from hopes of a strong economic recovery. This comes ahead of Non-Farm Payrolls data later today, which is a significant indicator of how the US economy performed in December.
US jobless claims released yesterday fell from 790 thousand to 787 thousand. Despite the declinel, claims remain well above pre-pandemic levels and will likely remain elevated for some time as the number of COVID-19 infections rise at record pace.
It’s predicted that Non-Farm Payrolls data will show that 71,000 jobs were added to the US economy in December, a fall from the previous 245,000.
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