USD Drifts Lower Ahead of FOMC
USD Drifts Lower Ahead of FOMC
The dollar gave back some of its recent gains against the euro, falling to 1.3166 while dropping to 95.61 versus the yen. The FOMC kicked off its two-day monetary policy meeting earlier and will be announcing the results Wednesday afternoon. With the Fed’s benchmark lending rate already at zero, there […]
USD Dragged Lower
USD Dragged Lower
The dollar extended losses against the majors, declining just shy of the 1.33-level against the euro and a 3 ½ week low versus the yen at 96.66. The economic reports released from the US this morning were mixed, consisting of March durable goods, factory orders and new home sales. Durable goods orders for […]
U.S. New Home Sales Flat in March, but Inventories Moved Lower
U.S. New Home Sales Flat in March, but Inventories Moved Lower
Although the headline number showed little change in new home sales in March, the revisions to the prior months point to a stabilizing housing market in slightly better shape than initially thought. Although sales dropped to 356,000 in March, the number of sales […]