U.S. weekly jobless claims fall to 202K, below 212K estimate

Initial jobless claims in the U.S. came in at 202,000, undershooting the 212,000 consensus forecast. The data point to a labor market that remains resilient, with layoffs still subdued despite restrictive monetary policy. The print reinforces expectations that interest rates could stay "higher for longer" and is seen as supportive for the U.S. dollar in the near term.