RTTN:Dollar Steady Ahead Of US Jobless Claims, Trade Data
(RTTNews) - The Labor Department is due to release its customary jobless claims report for the week ended May 5th at 8:30 AM ET. Economists expect claims to edge up to 366,000 from 365,000 in the previous week.
Around the same, the Labor Department is also scheduled to release its report on import and export prices for April. The consensus estimates call for a 0.2 percent month-over-month drop in import prices and a 0.2 percent increase in export prices.
The Commerce Department is set to release its trade gap data for March at 8:30 am ET. Economists estimate that the trade gap widened to $49.5 billion in the month after it narrowed to $46 billion in February.
The US dollar held steady against its major opponents ahead of the report. As of 8:25 am ET, the greenback was trading at 1.2960 against the euro, 1.6170 against the pound, 0.9270 against the Swiss franc and 79.70 against the yen.
