The latest weekly report on US jobless claims was released at 1:30 pm BST today. Report was expected to show a slightly lower initial jobless claims than a week ago and a small uptick in continuing claims. Actual report showed that while the initial jobless claims came in slightly higher than expected, a drop was recorded in continuing claims.
- Initial jobless claims: 264k vs 260k expected (262k previously)
- Continuing claims: 1759k vs 1785k expected (1775k previously)
US dollar ticked higher following the release although the scale of the move was rather small. EURUSD moved around 0.1% higher before paring gains slightly. US indices moved higher with US500 testing 4,400 pts area.

EURUSD moved higher following jobless claims data but the pair failed to move back above 1.10 handle. Source: xStation5

US jobless claims increase slightly compared to a week ago. Source: Bloomberg, XTB
Economic calendar: Canadian labor market and Michigan Index (06.02.2026)
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