U.S. Initial Claims Decreased Last Week – February 9

Yesterday, February 9th, the U.S. jobless claims weekly report was released; the report showed a decline in initial claims of 15,000 for the week ending on February 4th; the total initial claims reached 358,000 claims (seasonally adjusted data); the four week average also decreased by 11,000 to 366,250; the insured unemployment rate rose by 0.1 percent points to 2.8% for the week ending on January 28th;  the number of insured unemployment reached 3,515 thousand, an increase of 64,000 compared with the previous week’s numbers; Finally, the four week average fell by 33 thousand  to 3,451 thousand . This news doesn’t demonstrate sharp shifts in the number of jobless claims so it didn’t have much of an effect on yesterday’s currency trading. This decline in initial claims is for the second consecutive week.

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

Euros to USD is traded slightly falling at 1.3272 a 0.0994% decrease as of 09:01*.

British Pound to U.S. dollar exchange rate is traded at 1.5811 a 0.0466% decrease as of 09:01*.

Current gold price (March 2012 delivery) is traded at $1,720.6 per t oz. a $20.6 decrease as of 08:48*.

(* GMT)

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