U.S jobless claims continue to zigzag with an unclear trend: today, July 26th, the U.S. jobless claims weekly report was published; according to the recent report, the number of initial claims increased during the week ending on July 21st; the total initial claims fell by 35k and settled at 353,000 claims compared with a revised number of 388k claims from the previous week; the four week average slightly fell to 367,500; the insured unemployment rate remained unchanged at 2.6% for the week ending on July 14th; the number of insured unemployment also declined by 30k and reached 3,287 thousand. Finally, the four week average also decreased by 3.75 thousand to 3,309 thousand.
This news might curb the recent deprecation of the U.S dollar exchange rate, as this positive news may curb the current decline in the USD.
Currently the U.S. dollar is sharply depreciating against major currencies.
Euros to USD is at 1.2294 as of 14:59*.
British Pound to U.S. dollar is traded at 1.5687 a 1.21% increase as of 14:59*.
Current gold price (August 2012 delivery) is traded at $1,618 per t oz. a $5.8 increase as of 14:59*.
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