Better home data pre-Trump
The US existing home sales was much better than expectations, US consumer confidence remained negative but better than expectations at -6.1 vs -7.8 and the Richmond Fed was better at +4 vs 0 estimate (and -4 last month). All better than expectations at the least....
The dollar reaction? Ho hum....
- EURUSD: The EURUSD had a low of 1.0615 and a high of 1.0622.
- USDJPY. The USDJPY moved up to 111.13 and a low of 111.01
- GBPUSD. The GBPUSD has a low of 1.2421 and a high of 1.2431.
The USDJPY just moved to a new data low below 111.00 as buyer give up (figures).
It is a tough trade out there today folks.