Dollar rally extends in US session after another set of stellar job data. Initial jobless claims dropped -8k to 207k in the week ended July 14, beating expectation of 221k. That’s also the lowest level since December 6, 1969. The four-week moving average of initial claims dropped -2.75k to 220.5k.
Continuing claims rose 8k to 1.751m in the week ended July 7. Four-week moving average of continuing claims rose 6.25k to 1.736m.
Also from the US, Philly Fed business outlook rose sharply to 25.7 in October, well above expectation of 20.6.
