The Labor Department is due to release its jobless claims report for the week ended May 18th at 8:30 am ET. Economists expect claims to have risen to 345,000 from 360,000 in the previous week.
The dollar showed mixed performance ahead of the report. While the greenback held steady against the pound, it drifted weaker against the rest of majors. As of 8:25 am ET, the US currency was trading at 1.2905 against the euro, 1.5075 against the pound, 101.45 against the yen and 0.9666 against the Swiss franc.
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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.