Dollar gained strength across the board today with lower than expected unemployment claims
Measures the number of individuals who filed for unemployment insurance for the first time during the past week. A falling trend has a positive effect on the nation's currency because working people tend to spend more money, and consumer spending makes up a large portion of GDP. This weekly indicator produces very timely data, but traders generally view unemployment as a lagging indicator that gives little indication of the economys future performance.
As dollar gains strength and IF tommorrow's NFP data also favour's strong dollar then god help bse sensex.
Measures the number of individuals who filed for unemployment insurance for the first time during the past week. A falling trend has a positive effect on the nation's currency because working people tend to spend more money, and consumer spending makes up a large portion of GDP. This weekly indicator produces very timely data, but traders generally view unemployment as a lagging indicator that gives little indication of the economys future performance.
As dollar gains strength and IF tommorrow's NFP data also favour's strong dollar then god help bse sensex.