employment

Daily Analysis GBPUSD - September 2023

On Thursday, the latest US employment data for September 1st showed Initial Jobless Claims at 216K, down from 229K previously, surpassing the expected increase of 234K. In Q2, US Unit Labor Costs rose to 2.2%, contrasting expectations of stability after the previous 1.6%. Despite this, the US Dollar (USD) remains strong, driven by a string of positive economic indicators. The US Dollar Index (DXY), measuring its performance against six major currencies, now hovers around 104.90, though slightly below Thursday's peak since April.