U.S. Initial Claims Declined to 350k Last Week – July 12

Today, July 12th, the U.S. jobless claims weekly report  was published; according to the recent report, the number of initial claims decreased during the week ending on July 7th; the total initial claims decreased by 26k and settled at 350,000 claims (seasonally adjusted data), which is lower than the revised figure of 376k claims from the previous week; the four week average also declined to 376,500; the insured unemployment rate unchanged at 2.6% for the week ending on June 30th;  the number of insured unemployment fell by 14k and reached 3,304 thousand. Finally, the four week average fell by 1.25 thousand to 3,308 thousand.

This news might have positively affect  the U.S dollar exchange rate, as this positive news may help rally the USD and thus the Euro/USD may continue to trade down.

Currently the U.S. dollar is appreciating against major currencies.

Euros to USD is at 1.2196 as of 18:35*.

British Pound to U.S. dollar is traded at 1.5426 a 0.56% decrease as of 18:34*.

Current gold price (August 2012 delivery) is traded at $1,566 per t oz. a $8.8 decrease as of 18:34*.

(* GMT)

For more on this subject:

Leave a Reply

Your email address will not be published. Required fields are marked *