Thursday, January 18, 2007

Forex News: 18.01.2007 Jobless claims index unexpectedly dropped in the USA

Although the analysts expected substantial increase of jobless claims, the index unexpectedly fell in December. Jobless claims fell in a week of January 13 to 290K, from 298K in the preceding week. The index was expected to rise by 315K.

The average number of jobless claims in four weeks of January 13 fell to 308K, from 314.5K the week before. The number of unemployed by January 6 was 2.530bln, compared with 2.410bln in the preceding period.

The drop of jobless claims index is a positive factor for dollar rise, but, in most cases, the publication produces limited effect upon the market.


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