India, Feb. 6 -- Cryptocurrencies are trading on a weak note ahead of the monthly jobs data on Friday. The U.S. Bureau of Labor Statistics is expected to reveal a far lower addition to non-farm payrolls in the month of January than in the previous month.
Weekly data released by the U.S. Department of Labor just a while ago showed initial jobless claims for the week ended February 1 increasing to 219 thousand from 208 thousand in the previous week. Markets had expected it to rise to 213 thousand only. The four-week moving average for initial claims, which smoothens any week-to-week volatility also increased by 4 thousand to 217 thousand.
Though the data corroborates the view that a softening in the labor market in the current year is highl...