U.S. Initial Claims Rose to 386k Last Week – July 19

Today, July 19th, the U.S. jobless claims weekly report  was published; according to the recent update, the number of initial claims increased during the week ending on July 14th; the total initial claims increased by 34k and settled at 386,000 claims; the four week average slightly declined to 375,500; the insured unemployment rate flat at 2.6% for the week ending on July 7th;  the number of insured unemployment rose by 1k and reached 3,314 thousand. Finally, the four week average also increased by 1 thousand to 3,310 thousand.

This news might adversely affect the U.S dollar exchange rate, as this negative news may drag down the USD and thus the Euro/USD may trade up.

Currently the U.S. dollar is slightly appreciating against major currencies.

Euros to USD is at 1.2261 as of 16:40*.

British Pound to U.S. dollar is traded at 1.5712 a 0.38% increase as of 16:40*.

Current gold price (August 2012 delivery) is traded at $1,587 per t oz. a $15.8 increase as of 16:40*.

(* GMT)

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