The US Dollar was bearish against all of its major pairs on Thursday. On the US economic data front, Initial Jobless Claims dropped to 751K for the week ending October 31st (735K expected), from a revised 758K in the week before. Continuing Claims fell to 7,285K for the week ending October 24th (7,200K expected), from a revised 7,823K in the prior week. Finally, the Federal Open Market Committee (FOMC) kept the Federal Funds Target Rate between 0.00% and 0.25%, as expected. On Friday, Change in Nonfarm Payrolls for October are expected to decline to 600K on month, from 661K in September. The Unemployment Rate for … (full story)
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