Jobless claims in the U.S. rose 360,000 in the weekended May 11 from previous week's revised increase of 328,000 in the previous week. Expected figure was 330,000 compared to 323,000 claims originally reported in last week.
Monthly consumer price inflation dipped to minus 0.4 percent and a core inflation rose 0.1 percent, compared to expectations of minus 0.3 percent and 0.2 percent increase, respectively.
Housing starts fell 16.5 percent from last month's downwardly revised increase of 5.4 percent. The figures were well- below previous month's numbers and weaker-than market expectations.
The US dollar edged lower against its major counterparts following the data. As of 8:33 am ET, the greenback was trading at 0.9627 against the Swiss franc, 1.29 against the euro, 102.26 against the yen and 1.5264 against the pound.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.