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US: initial claims decline by 4,000 to 226,000

In the week ending March 10, the advance figure for seasonally adjusted initial claims was 226,000, a decrease of 4,000 from the previous week's revised level, showed the latest report released by the US Department of Labor this Thursday. 

The previous week's level was revised down by 1,000 from 231,000 to 230,000. The 4-week moving average was 221,500, a decrease of 750 from the previous week's revised average. The previous week's average was revised down by 250 from 222,500 to 222,250.

US: Philly Fed manufacturing index declines to 22.3 in March

Results from the Manufacturing Business Outlook Survey, conducted by the Federal Reserve Bank of Philadelphia, suggest continued growth for the region
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EUR/USD drops further on US data, testing lows near 1.2330

The selling pressure around the single currency is now gathering extra steam and pushing EUR/USD to challenge the 1.2330 region, or fresh daily lows.
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