Unemployment Claims show strength on job market
In the week ending June 13, the advance figure for seasonally adjusted initial claims was 267,000, a decrease of 12,000 from the previous week's unrevised level of 279,000. Analysts were forecasting smaller decrease to 278,000. The 4-week moving average was 276,750, a decrease of 2,000 from the previous week's unrevised average of 278,750.
Separate report, on Current Account showed $113 billion deficit, beating predictions on $116 billion deficit. The increase in the current-account deficit was largely accounted for by a decrease in the surplus on primary income. In addition, the deficit on goods increased. These changes were partly offset by an increase in the surplus on services and a decrease in the deficit on secondary income.
After the figures USD added few points against its major rivals. Euro is currently being traded few points above 1.14 handle, Sterling is at 1.59 area, while Aussie is slightly above 0.7820 level. Later today, Philly Fed Manufacturing Index data is scheduled for a release.
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