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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