Yesterday was a very quiet day for the US dollar in terms of data released on home ground. The only release of note was existing US home sales data, which showed slight growth. This contributed to the slight US dollar strength seen throughout the day, as investors flocked back to the safe haven currency.
We have seen US dollar markets fluctuate with the contribution of the ongoing Greece-EU talks. We can expect the same today with various data releases. Core durable goods orders are expected to show a slight increase in line with the increase in retail sales. Slight growth is also expected on the inflation front, as well as from the flash June manufacturing purchasing managers’ index (PMI).