US Jobless Claims Hit 500,000

The dollar was still stuck in a rut through most of yesterday's trading, in spite of a weekly jobs report that showed jobless claims climbed to 500,000. But Bundesbank head Alex Weber dropped a bomb on the markets late yesterday and sent the euro (EUR) running for cover. The euro has fallen over one cent in early trading and is in danger of losing the $1.27 handle for the first time in a month. More on the euro in a sec, but first let's review the jobs data, which dominated the news yesterday.

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