U.S. Labor Department data released Thursday showed until July 3 the number of claims for unemployment benefits fell to 454,000 in the U.S., 46 million below expectations, which is the lowest in 2 months. On July 3 the United States the weekly Redbook retail sales annual rate is +3.1%, slightly lower than the expected value of 3.2%. The U.S. Treasury Department said yesterday that the RMB is still undervalued, but did not mean that China or any other country manipulated its currency to gain trade advantage. In the semi-annual report of the exchange rates of U.S. trade partners which was delayed for several months, U.S. Treasury Department said last month the policy change made by China was of great significance, what is critical is the appreciation of the RMB extent and speed. The United States will closely monitor the results of RMB foreign exchange reform.
Barack Obama said the U.S. economy is recovering, but the future will experience “difficult days.” Nomura Securities analyst Thursday ( July 8 ) said that, from a global perspective, he predicted in the next few weeks or months the dollar will weaken again. Nomura Securities pointed out that, due to significant deterioration in U.S. economic growth prospects in recent weeks, so the prospect of U.S. dollars in the second half of 2010 is still bleak . Analysts added that in the next few months, investors may be more willing to invest in riskier assets.