U.S. Initial Claims Declined to 365k Last Week – September 6

U.S jobless claims changed direction and as of the recent U.S. jobless claims report that was published today, September 6th, the number of initial claims decreased during the week ending on September 1st; the total initial claims declined by 12k and settled at 365,000 claims compared with a revised number of 377k claims from the previous week; the four week average slightly fell to 371,250; the insured unemployment rate remained flat at 2.6% for the week ending on August 25th;  the number of insured unemployment fell by 6k and reached 3,322 thousand. Finally, the four week average also decreased by 3.5 thousand to 3,320 thousand.

This news might affect the U.S dollar currency, as this positive news may help rally the USD against other currencies. This could also have a positive effect on commodities and stock prices.

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

Euros to USD is at 1.2584 as of 15:19*.

British Pound to U.S. dollar is traded at 1.5903 a 0.01% increase as of 15:19*.

Current gold price (October 2012 delivery) is traded at $1,704 per t oz. a $10.9 increase as of 15:19*.

(* GMT)

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