12/31/09 11:00 am - Forex: Dollar rises after better-than-expected data on jobless claims

FXstreet.com (Córdoba) – Jobless claims fell more than what the market was expecting. Dollar gained strength after the report and moved away from the lows of the day across the board.

GBP/USD is pulling back after rising to 1.6235 and is testing levels below 1.6200. EUR/USD fell from 1.4405 to 1.4370. USD/JPY was trading at 92.40 before the report and currently is testing yesterday’s high that lie at 92.75.

The Labor Department reported that Initial jobless claims for the week ended on December 26 where 423K compared with a consensus of 460K. Continuing claims for the week ended on Dec 19 reached 4981K, the lowest level since February.

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