RTTN:Dollar Mixed Ahead Of US Jobless Claims, Non-farm Productivity Data
(RTTNews) - The Labor Department is due to release its customary jobless claims report for the week ended April 28th at 8:30 am ET. Economists expect claims to edge down to 378,000 in the recent reporting week from 388,000 in the previous week.
Additionally, the U.S. Labor Department is scheduled to release its preliminary report on fourth quarter non-farm productivity and unit labor costs at 8:30 AM. Economists expect productivity to have declined by 0.4 percent, but a 2.5 percent increase in unit labor costs.
The US dollar showed mixed trading ahead of the data. While the greenback edged higher against the euro and the Swiss franc, it held steady versus the pound and the yen. As of 8:25 am ET, the dollar was trading at 1.3124 against the euro, 0.9157 against the Swiss franc, 1.6178 against the pound and 80.38 against the yen.
