US citizens that applied for unemployment insurance benefits increased by 233K in the week ending August 3 according to the US Department of Labor (DoL) on Thursday. The prints came in below initial consensus (240K) and were lower than the previous weekly gain of 250K (revised from 249K).Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 240.75K, an increase of 2.5K from the previous week’s revised average.In addition, Continuing Claims increased by 6K to 1.875M in the week ended July 27. Market reactionThe US Dollar Index (DXY) maintains its upside bias unchanged and advances to dailuy highs near 103.40 accompanied by extra gains in US yields across the curve.More By This Author:Initial Jobless Claims Rose More Than Estimated Last Week Forex Today: Fed Rate Cut Bets Dominate The Scene Forecasting The Coming Week: Enter… The Fed
