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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