RTTN: Dollar Down Ahead Of US Weekly Jobless Claims, Q3 Non-farm Productivity Data
(RTTNews) - The Labor Department will release its customary report on weekly jobless claims for the week ended October 30 at 8.30 AM ET. Economists expect that jobless claims to come in at 445,000 for the week, slightly higher than 434,000 reported for the previous week.
The Labor Department will also release a preliminary report on third quarter non-farm productivity and unit labor costs. Economists expect productivity growth of 1% for the quarter.
Ahead of the data, the US dollar edged lower against its major counterparts. Currently, the greenback is quoted at 1.6245 against the pound, 1.4243 versus the euro, 0.9677 against the Swiss franc and 80.87 against the yen.
