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US: Initial Jobless Claims fell to 287K last week

FXStreet (Łódź) - FXStreet (Barcelona) - The number of people filing first-time claims for state unemployment insurance in the US decreased to 287K in the week ending October 3, following 288K registered the previous week. The result is lower than the market consensus of a rise 294K.

Continuing Jobless Claims dropped to 2.381M in the week ending September 26 from 2.402M registered the previous week. Analysts expected an increase to 2.410M.

WTI Crude remains weak

WTI Crude prices are hovering around an 18-month low of USD 86.86/barrel despite the dovish US Federal Reserve (Fed) minutes stoking a “risk-on” rally in global markets. The rebound seen in the early Asian trade today could not last long enough as the prices fell below the USD 87 mark.
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GBP/USD dips back below 1.6200

GBP/USD dipped back below the 1.6200 level at the beginning of the American session coincidently with a greenback comeback across the board. US dollar is recovering some ground after the selloff seen on the back of more dovish than expected FOMC minutes.
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