US initial jobless claims jumped 37,000 to 412,000 in the week ended June 12 after dropping -13,000 to 375,000 in the June 5 week. It is the first weekly increase since April and is contrary to expectations for another decline. US Philly Fed manufacturing index dipped -0.8 ticks to 30.7 in June, missing expectations slightly, after diving -18.7 points to 31.5 in May. The Greenback shrugs off the negative data.
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Andria Pichidi
Market Analyst
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