Dollar is back under some mild pressure in early US session after mixed economic data. Inflation data missed expectations. Headline PCE was unchanged at 2.0% yoy in October versus consensus of 2.1%. Core PCE even slowed to 1.8% yoy, down from 2.0% yoy and missed consensus of 1.9% yoy. Though, personal income rose 0.5% while spending rose 0.6%. Both were above expectations.
Initial jobless claims rose 10k to 234k in the week ended November 24, above expectation of 221k. Four-week moving average of initial claims rose 4.75k to 223.25k. Continuing claims rose 50k to 1.71M in the week ended November 17. Four-week moving average of continuing claims rose 19.75k to 1.668M.
