Jobless Claims at 427K

Thursday, 9 June 2011 03:41

EUR/USD shot up from below 1.4600, to 1.4620 within minutes right after the U.S jobless claims release and EU ECB President Trichet's opening of speech.

In the U.S.A, the number of people who filed for unemployment for the first time in the past week has increased from last week's 422,000 to 427,000 individuals this week.  Jobless claims were released a little higher than the expectations of 424,000.