The dollar has strengthend sharply against the euro and pound this morning.
Various members of the US Federal Reserve’s version of the monetary policy committee, the FOMC, are also making speeches over the next two days, including Jerome Powell giving testimony today at 3pm.
Yesterday we saw a surge in durable goods orders which reached 1.8% on the month compared to a forecast of 0.7%.
Of great interest today will be S&P house price index for July. Last month we saw a 19.2% rise, and it could be even higher this time around. Such large property price increases are already feeding into general inflation figures and could influence the FOMC.
Also this afternoon we have Consumer Confidence, and then tomorrow we have GDP, and jobless claims.
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