The best U.S. jobless claims report in weeks should help slow the bleeding of the dollar’s recent gains. Weekly jobless claims printed better than expected, falling to 282,000, the lowest in five weeks, from 291,000. The less volatile four-week average dipped below 300,000, suggesting a pickup in the hiring spree. The Fed last week said it wants to see better jobs data before boosting rates. Consequently, today’s better data should prove dollar friendly as it keeps higher rates on the horizon.

The material has been provided by InstaForex Company –