US weekly Initial Jobless Claims decline to 217K vs. 218K expected

• Initial Jobless Claims in the US decreased by 3,000 in the week ending November 4.
• US Dollar Index stays in daily range above 105.50.

There were 217,000 initial jobless claims in the week ending November 4, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 220,000 (revised from 217,000) and came in slightly better than the market expectation of 218,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 212,250, an increase of 1,500 from the previous week's revised average.

"The advance number for seasonally adjusted insured unemployment during the week ending October 28 was 1,834,000, an increase of 22,000 from the previous week's revised level" the publication read.

Market reaction

The US Dollar Index stays in its daily range above 105.50 following this data.