Today, March 15th, the U.S. jobless claims weekly report came out; according to the report, the number of initial claims fell by 14 thousand for the week ending on March 10th; the total initial claims reached 351,000 claims (seasonally adjusted data); the four week average was unchanged at 355,750; the insured unemployment rate slipped by0.1 percent points to 2.6% for the week ending on March 3rd; the number of insured unemployment reached 3,343 thousand, a decrease of 81,000 compared with the previous week’s numbers; Finally, the four week average fell by 25.75 thousand to 3,419 thousand . This recent news of the decline in the U.S. jobless claims coincides with the general positive direction of the downward trend of the numbers of jobless claims during the past few weeks (the number of initial claims decreased in five out of the last seven weeks); this news may curb the current decline in the U.S dollar against other major currencies during today’s trading.
Currently the U.S. dollar is traded down against many major currencies.
Euros to USD is rising by 0.32% to 1.3075 as of 15:50*.
British Pound to U.S. dollar exchange rate is traded at 1.5681 a 0.03% increase as of 15:51*.
Current gold price (April 2012 delivery) is traded at $1,648.5 per t oz. a $5.6 increase as of 15:51*.
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