Jobless Claims Continue to Rise

US economic data continues to show signs of recession

Jobless claims continue to rise. Job creation efforts in the economic stimulus bill recently passed have yet to take effect, and it shows. This week’s figure is expected to show an increase in jobless claims.

With unemployment increasing, this is giving rise, yet again, to safe haven currency trading moves. The Japanese yen is back in favor as a safe haven currency, even beating out the US dollar for now.

See Also

• Retail Sales Data
  More US economic data
• US Economic Data and Currency Trading
  Analysis and commentary for forex traders

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