The US Initial Jobless Claims data reported 215,000 new unemployment filings for the week, beating expectations of 225,000 and improving from the previous week’s 223,000, signaling potential labor market resilience amidst economic uncertainty.
According to Investing.com, lower-than-expected jobless claims are typically bullish for the USD, as they suggest fewer people are losing jobs, which can strengthen investor confidence in the US economy.
