Thursday, June 21, 2007

Dollar little moved after latest jobless claims tally

The dollar barely budged early Thursday after the Labor Department reported that last week weekly jobless claims reached their highest level since April, rising 10,000 to 324,000. The increase had been predicted by some economists. "The dollar showed little initial reaction to the higher than forecast jobless claims," said Action Economics. The dollar last was up 0.01% at 123.55 yen, as the euro rose 0.02% to $1.3397. There's more data on the way. The May leading indicators report is due at 10 a.m. Eastern and the June Philadelphia Federal Reserve report on manufacturing will be released at noon Eastern


Source : http://www.marketwatch.com

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