The US economy grew by an annualized 6.4% in the first quarter, following a 4.3 % expansion in the previous three-month period, matching second estimate. Markets were expecting a reading of 6.4%.
The number of Americans filling for unemployment benefits was 0.411 million in the week ended June 19th, compared to 0.412 million rise reported in the previous week. Today’s reading came in above market expectations of 0.380 million.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appContinuing claims reading, which lags initial jobless claims data by one week, dropped to 3.390 million, while analysts expected a decrease to 3.470 million. Today’s reading still remains much above the 1.7 million average reported before the pandemic.
EURUSD rose after today's data releases and is heading towards resistance at 1.1988. Source:xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
