The number of jobless claims rose less than expected last week. The US Department of Labor revealed that 712K people filed for unemployment insurance, below the market’s estimated 730K.
The latest report comes amid predominantly positive signs for recovery for the US economy, given that the Senate approved the stimulus package, and more and more Americans are receiving their COVID-19 vaccine.
On the other side of the Atlantic, Christine Lagarde announced that the bond purchase program would be increased “significantly” next quarter. At the same time, the Pandemic Emergency Purchase Program will remain unchanged at $2.21 trillion.
Sources: forexfactory.com cnbc.com