USD flows: US data USD supportive

A modest rise in US jobless claims in the latest week still leaves initial claims at a very low level, and the Challenger data shows a y/y decline in US job cuts in December, offsetting the stronger November data. The October US trade data shows a much lower than expected deficit due both to higher exports and lower imports, and although there might be some concern about the quality of the data due to the government shutdown, the data as a whole is all USD positive. The USD is generally higher, with US yields up across the curve, and the USD seems likely to remain well bid into tomorrow’s employment data.