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US dollar dips as Japanese yen heads for first weekly drop in six https://t.co/EdFMeNWgDA via @Reuters https://t.co/3xAh3tzvlV
On Thursday the Dow Jones surged 500 points, or 1.3%, Following a larger than expected drop in jobless claims which alleviated some labor market concerns. https://t.co/UrstsPGAE5
"Unemployment Claims Magic" #SPX was trading subdued only till #unemployment claims release – then, it took off, and hardly looked back. Following very fearful sentiment after Monday‘s rout and Wednesday‘s failure of #BoJ to instill calm through backing off raising rates,… https://t.co/7eKrOKXHgy
The US dollar remained steady, hovering close to a one-week high against major currencies, following a significant drop in US jobless claims, the largest in nearly a year. This decline in jobless claims alleviated fears of an impending economic downturn. The Japanese yen is set for its first weekly drop in six weeks, while the British pound is on track for a fourth consecutive week of decline against the US dollar. The Dow Jones surged by 500 points, or 1.3%, on Thursday, reflecting positive market sentiment after the jobless claims data was released.
