US jobless claims is a most watched figure as it provides a clue to the economies likely future direction in the market. This news also effects the rate of dollar as compared to other currencies. When the state of US economy health is good, we see dollar galloping.
As of now US jobless claims fell to 350,000 in the latest reporting week which was the lowest since the first quarter of 2008. Although the dollar failed to derive much immediate benefit from the data, there was further speculation that the US economy would out-perform Europe in the short-term.
Thus it is important that one keeps himself updated with the said data to know the likely future trend of the market.
