Forex News and Rumors – Afternoon Update

US Unemployment Claimants Up Another 170,000

The US Labor Department announced today that new jobless claims for the week exceeded 170,000 for the week ending Feb 7th, 2009 bringing the total number of Americans receiving unemployment benefits to 4.99 million compared to 2.77 million for this time last year. Also, an additional 1.5 million are receiving special benefits under an extended unemployment compensation program approved by Congress last year. More

Crude Oil Prices Climb on Lower Than Expected Inventory Levels

Crude oil jumped more than 11 percent in New York today as US crude oil inventories fell 138,000 barrels to 350.6 million barrels last week. More

Pound Advances on Dollar

The pound made its first gains on the dollar in four days after stocks in Europe and Asia made gains today. More

Dow Jones Hits 6-Year Low

The Dow Jones industrial average closed at its lowest point in six years led by news of cutbacks by Hewlett-Packard and retreating stocks in the financial sector . More

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