020 7898 0500It was another good day for US economic data as existing home sales for October pushed up 2% to 5.48 million. This was above expectations of a 0.7% increase and serves as a further sign that the US economy is recovering.
Still, the dollar found itself making some losses against sterling and the euro, albeit only slight. Today, we have the released of the durable goods orders for October and the initial jobless claims. It will be interesting to see whether the recent run of positive economic data can continue and what effect, if any, that will have on the dollar against the euro and sterling.
Then, later tonight we have the minutes from the Federal Open Market Committee meeting.
