The US dollar leapt ahead yesterday against most currencies but remains down on the week against all but the Japanese yen, and even against the euro.
It’s a busy week for the US dollar, with plenty of data and an interest rate decision.
US new home sales continued to decline in June, down by 6.6%, and today we’ll hear about house prices from S&P Case-Shiller, with an expectation that prices are continuing upwards at a rate of around 15%, perhaps even higher.
The big data release today is Durable Goods Orders for June, but tomorrow is the latest on Interest rates from The Fed and then GDP for Q2 on Thursday. On Friday we’ll hear how people have been spending their stimulus checks, with $6billion distributed by the IRS in June, which may be reflected in personal spending for the month. That data comes out on Friday afternoon, 1.30 UK time.
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