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US: Initial Jobless Claims rose to 354K

FXstreet.com (Barcelona) - According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits rose by 10K last week to a seasonally adjusted 354K in the week ended May 24, below expectations at 340K and coming from 344K (revised) in the previous print.

Continuing claims, which reflect people already receiving benefits, rose by 63K to a seasonally adjusted 2.986 million in the week ended May 18 vs. 2.923 million in the previous week (revised).

US: PCE rose 1.0% QoQ in Q1

The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.0% QoQ during the first quarter, surpassing the median at 0.9%. The...
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EUR/USD edges higher as US data disappoints

EUR/USD bounced from session lows and spiked to the 1.2980 area after data showed US GDP was revised slightly lower to 2.4% from 2.5% in Q1, while jobless claims unexpectedly rose to 354K last week.
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