U.S. Initial Claims Declined to 361k Last Week – August 9

U.S jobless claims continue to move in an unclear trend: today, August 9th, 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 August 4th; the total initial claims fell by 6k and settled at 361,000 claims compared with a revised number of 367k claims from the previous week; the four week average slightly fell to 368,250; the insured unemployment rate remained unchanged at 2.6% for the week ending on July 28th;  the number of insured unemployment rose by 30k and reached 3,332 thousand. Finally, the four week average also increased by 4.5 thousand to 3,304 thousand.

This news might affect the U.S dollar exchange rate, as this positive news may curb the current decline in the USD.

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

Euros to USD is at 1.2312 as of 15:11*.

British Pound to U.S. dollar is traded at 1.5638 a 0.13% decrease as of 15:11*.

Current gold price (September 2012 delivery) is traded at $1,617 per t oz. a $1.5 increase as of 15:11*.

(* GMT)

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