U.S. Initial Claims Inclined Last Week – December 29

Today, December 29th, the U.S. jobless claims weekly report was published; the report presented an increase in initial claims of 15,000 for the week ending on December 24th; the total initial claims reached 381,000 claims (seasonally adjusted data); the four week average decreased by 5,750 to 375,000; the insured unemployment rate also slightly inclined by 0.1 percent point to 2.9% for the week ending on December 17th;  the number of insured unemployment reached 3.601 million, an increase of 34,000 compared with the previous week’s figure; furthermore, the four week average declined by 39,000 to 3.598 million. This news might affect the currency forex trading during the day and may curb the recent appreciation of the US dollar.

Currently the U.S. dollar is traded with mixed trends against major currencies.

Euros to USD is traded slightly up at 1.2945 a 0.0305% increase as of 20:17*.

Canadian dollar to USD exchange rate is traded at 1.0214 a 0.2970% decrease as of 20:17*.

Current gold price, short term futures (January 2012 delivery) is traded at $1,547.5 per t oz. a $16.6 decrease or 1.06%, as of 20:04*.

(* GMT)

For more on this subject:

Leave a Reply

Your email address will not be published.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