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Friday 10th March 2017

US jobless claims rose to 242,000 in the latest week from 223,000 previously, but still indicated a very strong labour market.

US jobless claims rose to 242,000 in the latest week from 223,000 previously, but still indicated a very strong labour market. Markets continued to anticipate that a robust US employment report on Friday would seal the case for a Fed rate hike next week and these expectations again provided solid underlying dollar support. There will be a sharp market reaction if the employment report is much weaker than expected as the Euro consolidated near 1.0600 on Friday.

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