United States Initial Jobless Claims rose to 225K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 225K for the week ending May 30.
  • Initial Jobless Claims increased to 225K vs. the previous week.
  • Continuing Jobless Claims went down to 1.777M.

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 225K for the week ending May 30. The latest print came in above initial estimates (213K) and was higher than the previous week’s 212K (revised from 215K).

Additionally, the 4-week moving average went up by 6.5K, bringing it to 214.75K from the revised average of the previous week (208.25K).

The report also indicated that Continuing Jobless Claims dropped by 8K to 1.777M for the week ending May 23.

What do US Initial Jobless Claims figures mean for the US Dollar?

The Greenback trades with decent losses in the wake of the labour market release, with the US Dollar Index (DXY) returning to the low 99.00s and leaving behind three consecutive daily advances.

The move lower in the US Dollar (USD) exclusively follows developments on the geopolitical front as investors continue to assess the likelihood of ceasefire talks between US and Iran.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.37% -0.30% -0.18% -0.04% -0.18% -0.29% -0.59%
EUR 0.37% 0.05% 0.22% 0.33% 0.17% -0.01% -0.23%
GBP 0.30% -0.05% 0.17% 0.27% 0.12% -0.08% -0.29%
JPY 0.18% -0.22% -0.17% 0.11% -0.04% -0.23% -0.44%
CAD 0.04% -0.33% -0.27% -0.11% -0.15% -0.34% -0.56%
AUD 0.18% -0.17% -0.12% 0.04% 0.15% -0.17% -0.38%
NZD 0.29% 0.01% 0.08% 0.23% 0.34% 0.17% -0.22%
CHF 0.59% 0.23% 0.29% 0.44% 0.56% 0.38% 0.22%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Technical Analysis: Constructive view remains in place above the 200-day SMA

In the daily chart, Dollar Index Spot trades at 99.23, holding a modest bullish bias as it stays above the 55-day, 100-day and 200-day simple moving averages clustered just under 99.00. This positioning suggests the broader uptrend remains supported, while a mid-50s Relative Strength Index hints at constructive but not overstretched momentum, and the Average Directional Index around 19.0 signals a relatively weak underlying trend.

On the topside, immediate resistance emerges at 99.50, with subsequent barriers at 100.39 and 100.64 before a more distant cap near 101.98. On the downside, initial support is provided by the short- and medium-term moving averages around 98.95–98.55, ahead of a more important horizontal floor at 97.62, while deeper cushions align at 95.56, 95.14 and 94.63.

Chart Analysis Dollar Index Spot

(The technical analysis of this story was written with the help of an AI tool.)

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