U.S. Initial Claims Fell Last Week – January 19

Today, January 19th, the U.S. jobless claims weekly report was published; the report showed a decrease in initial claims of 50,000 for the week ending on January 14th; the total initial claims reached 352,000 claims (seasonally adjusted data); the four week average also decreased by 3,500 to 379,000; the insured unemployment rate declined by 0.2 percent points to 2.7% for the week ending on January 7th;  the number of insured unemployment reached 3.432 million, a sharp decrease of 215,000 compared with the previous week’s figure; furthermore, the four week average declined by 34 thousand  to 3.576 million. This news may affect the currency forex trading during the day and may curb the current depreciation of the US dollar.

Currently the U.S. dollar is traded down against most major currencies.

Euros to USD is traded slightly up at 1.2887 a 0.1835% decrease as of 15:24*.

Canadian dollar to USD exchange rate is traded at 1.0095 a 0.1691% decrease as of 15:24*.

Current gold price, short term futures (February 2012 delivery) is traded at $1,652.7 per t oz. a $7.2 decrease or 0.43%, as of 15:08*.

(* GMT)

For more on this subject:

Leave a Reply

Your email address will not be published. Required fields are marked *