US jobless claims fall sharply to 191k, lowest since 2022.US initial jobless claims fell sharply by -27k to 191k in the week ending November 29, far below expectations of 220k, and marking the lowest level since September 2022. The four-week moving average also by -9k eased to 215k.
US initial jobless claims 191K versus 220K estimate.Prior week 216K initial jobless claims 191K. This is the lowest level for initial claims since September 24, 2022 when it was 189,000.
Dollar's Downside Momentum Stalls.Overview: The US dollar is stabilizing most of the G10 currencies today after its recent losses. As the North American markets are set to open, the greenback is posting minor gains against the G10 currencies but the Japanese yen and Australian dollar.