Source: ForexYard
The mighty greenback has been trading up against most of its currency counterparts this week, the Japanese Yen being the only Major to show some fight.
Claims for U.S unemployment dropped last week to reach its lowest level in four years, showing further indication of a strengthening economy.Jobless Claims dropped 6,000 to the figure of 357,000 for the week ended March 31, this happens to be the fewest since April 2008.
70 percent of the economy relies on Consumer spending, and there have been a number of reports and positive figures that have boosted consumer confidence in the U.S. Rising stock prices,improvements to the labor market and easier credit are responsible for boosting consumer confidence in the United States.
The most highly anticipated report on the economic calendar, the Non-Farm Payrolls report will be released on Friday.The forecast figure for the report is 211,000 whilst the previous outcome was 227,000.
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