A positive Tuesday for the US dollar against the majority of other currencies, although we did see weakness against sterling, dictated by positive sentiment for the UK remaining in the EU and as we move closer to the UK’s EU Referendum. The key US release of the day, New Home Sales, achieved its highest figure since 2007, boosting expectations of a US interest rate rise in either June or July.
We expect to see a similar day today, with only Flash Services Purchase Managers’ Indices being the major release of the day. This figure is expecting further growth in the sector, with a three-month high anticipated.
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