DISAPPOINTING EMPLOYMENT DATA

The Dollar traded lower after disappointed employment data. US Unemployment Claims came out weaker at 410K vs 385K previously, Core CPI came out better at 0.2% vs 0.1% previously, and Philly Fed Manufacturing Index came out batter at 35.9 vs 19.3 previously. The Euro is trading above the strong support of 1.35 around the 1.36 levels. EUR Current Account data came out weaker at -13.3B vs -10.5B previously. BOE member Sentence was quoted as supporting interest rate hikes sooner and this led to slight buying of GBP overnight. BOJ released this week its decision about the overnight cash target rate where the board decided to fix the rates at the lowest level between 0 and 0.10%. Canadian dollar jumps to three year high against dollar as focuses are turning back to economic fundamentals. IBT