Weekly US initial jobless claims data:

  • Last week's reading at 268K was the second-lowest since the crisis
  • Four-week moving average 282K vs 285K prior
  • Continued claims 2304K vs 2350K expected
  • Prior continued claims 2327K vs 2325K prior

The US dollar is little changed after the data at 120.00 vs JPY.

Low jobless claims are a big reason the Fed isn't overly concerned with a soft March non-farm payrolls report.