Breaking: US Initial Jobless Claims Rise Less Than Expected

Initial Jobless Claims in the United States increased by 235,000 for the week ending July 20, the US Department of Labor (DoL) reported on Thursday. This figure was lower than the expected 238,000 and the previous week's revised gain of 245,000.

Further details revealed that the advance seasonally adjusted insured unemployment rate was 1.2%, with the 4-week moving average increasing by 250 to 235,500 from the previous week's revised average.

Additionally, Continuing Claims decreased by 9,000 to 1.851 million in the week ended July 13.

Market Reaction The US Dollar Index (DXY) trades with marginal gains around 104.40, supported by continued downside pressure in US yields across the curve.