U.S. Initial Claims Declined Last Week – February 2

Today, February 2nd, the U.S. jobless claims weekly report was released; the report showed a decrease in initial claims of 12,000 for the week ending on January 28th; the total initial claims reached 367,000 claims (seasonally adjusted data); the four week average also decreased by 2,000 to 377,750; the insured unemployment rate slipped by 0.1 percent points to 2.7% for the week ending on January 21st;  the number of insured unemployment reached 3,437 thousand, a sharp drop of 130,000 compared with the previous week’s numbers; Finally, the four week average fell by 43 thousand  to 3,527 thousand . This news doesn’t present sharp shifts in the number of jobless claims so it might not have much may of an effect on today’s currency trading, and may curb some of the current depreciation of the U.S dollar.

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

Euros to USD is traded slightly up at 1.3184 a 0.1804% increase as of 15:08*.

British Pound to U.S. dollar exchange rate is traded at 1.5840 a 0.0415% increase as of 15:08*.

Current gold price (March 2012 delivery) is traded at $1,761.4 per t oz. a $11.9 increase or 0.68%, as of 15:53*.

(* GMT)


For more on this subject:

U.S. Initial Claims Rose Last Week – January 27

U.S. Initial Claims Fell Last Week – January 19

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