The number of Americans filling for unemployment benefits was 0.205 million in the week ended December 18, compared to 0.205 million reported in the previous week. Today’s reading came in line with market expectations.
Continuing claims reading, which lags initial jobless claims data by one week, decreased to 1.859 million from 1,867 million, while analysts expected a decrease to 1.820 million.
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Open account Try demo Download mobile app Download mobile appNew orders for US manufactured durable goods were up 2.5% MoM in November, following - 0.5% decrease in October and well below/ above market forecasts of 1.6% advance.
Durable Goods Orders Excluding Transportation edged up 0.8% MoM in November, following downwardly revised 0.3% rise in previous month and compared to analysts’ expectations of 0.6%.
Core PCE prices in the US which exclude food and energy rose to 0.5% month-over-month in November, following 0.4 % gain in October and above market expectations of a 0.4% rise. Year-on-year, core PCE inflation went up to 4.7% from 4.1 % in the previous month and above analysts’ estimates of 4.5%.
Personal income declined to 0.4% MoM in November, from 0.5% increase in October and in line with market expectations.
Personal spending declined to 0.6% from a month earlier in November, following 1.3% rise in October and compared with market consensus of a 0.6% rise.
EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade above 1.1300 level. Source: xStation5
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