The Labor Department said its jobless claims rose 340,000 in the week ended May 18th, compared to expectations for an increase of 345,000 and 365,000 claims recorded in the previous week.
The dollar inched higher against its major rivals after the report. As of 8:32 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.