Home » Currency Note » Currency Note » Currency Note USD » USD: Omicron hits US job market

The dollar is largely unchanged against the euro this morning following mixed US data.

Initial jobless claims unexpectedly jumped last week to 286k from 231k, the highest number since October. This rise is thought to be due to the effects of Omicron on the economy. Existing home sales also disappointed, falling 4.6% in December to $6.18m, the lowest in 4 months.

On a more positive note, the Philadelphia Fed Manufacturing Survey increased from 15.4 to 23.2 in January, beating expectations.

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