TODAY'S JOBLESS NUMBER HELPING THE US DOLLAR BUILD A BASE?

US weekly Jobless claims came in at 366,000 and that was higher than last week's 348,000, but the number was low enough to take the 4 week moving average lower for the 2nd week in a row.

As the facts change, we do. This number being more bullish than bearish, on the margin, implies that its more "OK" today for the Fed to do what I think they need to do, raise rates.

The US Dollar has reacted positively again today, trading up to 72.22.
KM