The dollar is still strong against the euro following positive jobs data.
Weekly jobless claims in the US fell to a 52-year low of 198,000 while continuing claims also fell to the lowest level since before the pandemic. This data indicates that the US labour market is tightening and will no doubt be reassuring for the Fed as it eases monetary policy.
It’s a quiet day for data today. The next big release will be on the 3 January when we will see Market PMI for December.
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