"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."
"Additional support for the dollar came from regional manufacturing surveys. The Philadelphia Fed Manufacturing Index rebounded sharply into expansion territory, posting its strongest reading since September, while the New York Empire State Manufacturing Index also surprised to the upside. These releases helped offset recent concerns raised by softer national manufacturing indicators, pointing to resilience in the industrial sector. Looking ahead, investor attention will shift to next Thursday's releases of Q3 2025 GDP and the core PCE inflation data."
The US dollar remained steady following a prior advance as labour-market and regional manufacturing data strengthened the currency. Initial jobless claims fell by 9,000 to 198,000, defying forecasts of a rise to 215,000, while continuing claims continued a downward trend since October, indicating relatively firm employment conditions. Regional manufacturing surveys were stronger-than-expected: the Philadelphia Fed Manufacturing Index moved back into expansion at its best level since September, and the New York Empire State Index surprised to the upside, offsetting softer national manufacturing signals. Upcoming Q3 2025 GDP and core PCE inflation releases will be key for future policy and yield expectations.
Read at London Business News | Londonlovesbusiness.com
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