Unemployment Claims down to 271,000
In the week ending December 12, the advance figure for seasonally adjusted initial claims was 271,000, a decrease of 11,000 from the previous week's unrevised level of 282,000. This was in line with market expectations. The 4-week moving average was 270,500, a decrease of 250 from the previous week's unrevised average of 270,750.
Separate report, on Philly Fed Manufacturing Index showed that diffusion index for current activity returned to negative territory this month, decreasing from 1.9 to -5.9. Analysts were anticipating slight incline to 2.1. This is the third negative reading in the past four months. The index for current new orders remained negative and fell 6 points, to -9.5. However, firms reported higher shipments, as the current shipments index increased 6 points to a reading of 3.7. Firms reported a decline in unfilled orders, with the index falling from 2.4 to -17.7.
Euro is currently being traded few points above 1.0840 level, Sterling is around 1.49 handle, while Aussie is above 0.7180 area.
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