U.S jobless claims rose by 9,000

Thursday, 18 August 2011 06:18

Americans who filed for unemployment benefits rose by 9,000 to 408,000 individuals this week.  This is the highest in August, with 399,000 in the past week.  Economists had predicted a rise of only 1,000 at 400,000 jobless claims. 

EUR/USD rose to a high of 1.4452 in today's trading session and a low of 1.4273.  The pair rose slightly after jobless claims release but dropped later to strengthen the dollar.  Euro/Dollar is currently trading near it's day low at 1.4300.