The number of Americans applying for unemployment benefits for the first time last week unexpectedly rose, reaching the highest level since October last year, indicating that the job market is cooling down. The number of first-time unemployment benefit claims in the U.S. for the week ending May 31 increased by 8,000 to 247,000, higher than the 236,000 that the market expected.
The result after the news caused DXY to drop sharply ==> USD-pegged assets are expected to rise like Gold or BTC (Bitcoin) ...
