U.S. Initial Claims Remained Flat Last Week – February 23


Today, February 23rd, the U.S. jobless claims weekly report was released; the report showed the number of initial claims remained unchanged for the week ending on February 18th; the total initial claims reached 351,000 claims (seasonally adjusted data); the four week average decreased by 7,000 to 359,000; the insured unemployment rate also remained flat at 2.7% for the week ending on February 11th;  the number of insured unemployment reached 3,392 thousand, a decrease of 52,000 compared with the previous week’s numbers; Finally, the four week average fell by 43.75 thousand  to 3,453 thousand . This news doesn’t demonstrate sharp changes in the number of jobless claims so it probably won’t have much of an effect on today’s exchange rates trading. The number of initial claims decreased for three consecutive weeks before reaching a halt in this report.

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

Euros to USD is traded slightly falling at 1.3317 a 0.51% increase as of 18:03*.

British Pound to U.S. dollar exchange rate is traded at 1.5702 a 0.22% increase as of 18:03*.

Current gold price (March 2012 delivery) is traded at $1,786.6 per t oz. a $15.3 increase as of 17:48*.

(* GMT)

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