Published: 2025-06-05T12:31:01.000Z
USD flows: Dip on higher claims

Senior FX Strategist
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Initial claims rise puts USD on back foot
USD dipping in response to the rise in the initial jobless claims number. While this is not the employment report survey week, it adds to the impression of weakness from the ADP data and the ISM services survey yesterday. Yields are lower, and the JPY is the biggest beneficiary, with European yields also lower helped by the cut in the ECB inflation forecasts.