Jobless claims data for the US came in better-than-expected yesterday. The 4-week moving average of US initial jobless claims, eased to 1.25 million in the week ending August 8th.
However, the dollar shrugged off this news. It is still weak due to the stalemate between Democrats and Republicans on the coronavirus stimulus package, which still hasn’t been finalised. Funding for the US Postal Service has become a major sticking point in congressional talks.
A series of data for the US will be released later today, including retail sales, which are expected to show a small growth of 1.6% in July. Industrial and manufacturing production figures will also be released.
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