US unemployment rate fell 44,000

Thursday, 12 May 2011 04:09

The U.S is swimming in news as releases on Retail Sales, Producer Price Index and Jobless claims come out. 

Consumer spending stayed at 0.5% as expected, from 0.9%; as jobless claims fell to 434,000 from 478,000; a little higher than expected at 430,000.

Producer Price Index rose from 0.6% forecast and from the previous 0.7% to 0.8%, marking it good for the currency. 

The US Dollar is trading at 1.4179 with the European currency; while at 1.6254 with the British Pound.