020 7898 0500The dollar rose to session highs, extending its earlier gains after data showed US existing home sales posted a surprise increase in May. This helped ease some concerns about a real estate slowdown in the US, and soothed worries concerning a recent bout of poor data. US crude oil inventories also came out at -2.5 million.
Today sees FOMC Member Powell speaking. The markets will watch to see the rhetoric around interest rate speculation which has recently plagued the dollar. Depending on which way the sentiment goes, we might see a little movement in the dollar.
