Analysts assess the U.S. initial jobless claims data last week: Affected by the hurricane, not the basic trend.
On August 8th, Forexlive analyst Adam Button stated that the number of initial jobless claims decreased by 17,000 compared to the revised level of the previous week, indicating that the increase in the data was more due to the impact of the hurricane rather than the underlying trend. Although the decline in initial claims is positive, the rise in continuing claims suggests that some workers are taking longer to find new jobs. Given the recent growth in the data, there was some concern about the data, but today's data has restored the original situation, leading to a rise in the US dollar.
