U.S. Initial Claims Declined to 386k Last Week – June 28

Today, June 28th, the U.S. jobless claims weekly update  was published; according to the recent weekly update, the number of initial claims fell during the week ending on June 23rd; the total initial claims fell by 6k and settled at 386,000 claims (seasonally adjusted data), which is lower than the revised figure of 392k claims from last week; the four week average decreased to 386,750; the insured unemployment rate unchanged at 2.6% for the week ending on June 16th;  the number of insured unemployment decreased by 15k and reached 3,311 thousand. Finally, the four week average rose by 9.250 thousand to 3,296 thousand.

This news might have some slight effect on the U.S dollar exchange rate: since this news doesn’t show a sharp turn from last week’s numbers it might have at best little effect on the foreign exchange and commodities rates.

Currently the U.S. dollar is moderately appreciating against many major currencies.

Euros to USD is at 1.2437 as of 16:27*.

British Pound to U.S. dollar is traded at 1.5511 a 0.37% decrease as of 16:27*.

Current gold price (July 2012 delivery) is traded at $1,555 per t oz. a $23.2 decrease as of 16:27*.

(* GMT)

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