U.S. Initial Claims Fell Last Week – January 5

Today, January 5th, the U.S. jobless claims weekly report was published; the report presented a decrease in initial claims of 15,000 for the week ending on December 31st; the total initial claims reached 372,000 claims (seasonally adjusted data); the four week average decreased by 3,250 to 373,750; the insured unemployment rate also slightly declined by 0.1 percent point to 2.8% for the week ending on December 24th;  the number of insured unemployment reached 3.595 million, a decrease of 22,000 compared with the previous week’s figure; furthermore, the four week average fell by 1,000 to 3.601 million. This news may affect the currency forex trading during the day and may help continue the current appreciation of the US dollar.

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

Euros to USD is traded sharply down at 1.2945 a 1.1805% decrease as of 20:36*.

Canadian dollar to USD exchange rate is traded at 1.0191 a 0.633% increase as of 20:35*.

Current gold price, short term futures (February 2012 delivery) is traded at $1,622.3 per t oz. a $9.6 increase or 0.60%, as of 20:33*.

(* GMT)

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