US jobless claims hit 386K. Expectations stood on 377K, exactly like the initial report for the previous week. Last week’s figure was revised to the upside: 380K. The situation remains worse than earlier in the year.
The US Consumer Price Index dropped by 0.3%. Core CPI rose by 0.2%. The US current account deficit hit 137 billion dollars. USD/JPY is falling by around 20 pips following the release. US figures seem to impact mostly this pair these days.
CPI was expected to drop by 0.2% in May. Core CPI was predicted to rise by 0.2%. Oil prices fell during the month of May.
The American current account was predicted to show a deficit of $132 billion in Q1 2012. The figure for Q4 2011 was revised from a deficit of $124 billion to $119 billion.
EUR/USD was trading in a narrow range between the 1.2540 and 1.2587 lines. The markets are very tense towards the upcoming Greek elections.
See 3 scenarios for the Greek elections.
