fromLondon Business News | Londonlovesbusiness.com
1 day agoDollar holds on strong labour data - London Business News | Londonlovesbusiness.com
The US dollar held steady on Friday after Thursday's advance. The stronger-than-expected labour market data supported the currency. The reports reinforced the scenario where the Federal Reserve holds its interest rates unchanged in the near future. Initial jobless claims fell by 9,000, reaching 198,000 claims and contradicting expectations for an increase to 215,000. Continuing claims also declined, extending a downward trend in place since October. Together, these figures suggest labour market conditions remain relatively firm, easing concerns about a rapid deterioration in employment momentum.