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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.