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US weekly unemployment claims are at 348K, lower than expected.

Yet again, it’s a new low in the period after the financial crisis. Early expectations stood on 364K.

Last week’s figure was revised to the upside, from 358K to 361K, not  a big difference. All in all, the 4 week moving average continues falling.

US PPI rose by 0.1%, less than 0.3% that was expected. Core PPI on the other hand, rose by 0.4%, while 0.1% was expected.

Building Permits are at a level of 0.68 million, as expected. Housing starts came out a bit better than expected: 0.70 million, above 0.68 million that was expected.

Chances of QE3 remain low.

EUR/USD is on the fall, in a narrow channel. The bulk of US news helped it a bit, but the pressure remains.

Later, the  Philly Fed Manufacturing Index is published. The score is expected to improve to 9 points. See how to trade this event with USD/JPY.

Also Ben Bernanke will speak later. Update: Ben Bernanke didn’t say anything of high importance.