🇺🇸 US Initial Jobless Claims get released today at 08:30 AM (ET).
Expected: 224,000 claims.
A higher than expected number is bullish for risk assets & bearish for the USD.
Why?
Because the Fed’s dual mandate is to maintain high employment and low inflation.
Inflation is low, if jobs data is weak, it gives the Fed more reason to lower interest rates, which is bullish for risk assets.