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Forex News: Initial Claims come in at 349,000 as expected after revision higher

Posted by Greg Michalowski on Thu, 02/21/2008 - 9:36am in

Continuing Claims continued higher rising to 2784K from 2760K Expectation and 2761K last week.

The 4 week moving average for claims moved up to 360,500 which is the highest level since October 2005.  This should be bearish for the dollar and the stock market.

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