U.S. Initial Claims Declined Again Last Week – February 16

Today, February 16th, the U.S. jobless claims weekly report was released; the report showed a decrease in initial claims of 13,000 for the week ending on February 11th; the total initial claims reached 348,000 claims (seasonally adjusted data); the four week average also decreased by 1,750 to 365,250; the insured unemployment rate decreased by 0.1 percent points to 2.7% for the week ending on February 4th;  the number of insured unemployment reached 3,426 thousand, a decrease of 100,000 compared with the previous week’s numbers; Finally, the four week average fell by 8.25 thousand  to 3,426 thousand . This news doesn’t demonstrate sharp changes in the number of jobless claims so it probably won’t have much of an effect on today’s currency trading. The number of initial claims decreased for the third consecutive week.

Currently the U.S. dollar is traded slightly down against many major currencies.

Euros to USD is traded slightly falling at 1.311 a 0.34% increase as of 16:59*.

British Pound to U.S. dollar exchange rate is traded at 1.5797 a 0.66% increase as of 16:59*.

Current gold price (March 2012 delivery) is traded at $1,723.8 per t oz. a $4.3 decrease as of 16:42*.

(* GMT)

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