India, June 5 -- Cryptocurrencies are trading with losses amidst trade-related worries and anxiety ahead of key economic data updates from the U.S.
A data release by the U.S. Department of Labor on Thursday morning is expected to show initial jobless claims falling to 235 thousand in the week ended May 31 from the level of 240 thousand recorded in the previous week.
The monthly data for May slated for release on Friday is expected to show an addition of 130 thousand to non-farm payrolls versus 177 thousand recorded in the previous month. The unemployment rate is expected to be steady at 4.2 percent.
Ahead of the job market update, rate cut expectations from the Federal Reserve for the upcoming review on June 18 portend a pause. The CME F...