The dollar slipped severely against the euro and more mildly against almost every currency yesterday as it continued to suffer from a ‘risk on’ mood.
There has been some interesting housing market data so far this week. Although none of it strayed too far from expectations, housing starts, building permits and existing home sales all showed a slowdown from last month, as a rising cost of living and higher mortgage rates hit demand.
There is little to excite the market today, but tomorrow there will be PMI.
In politics, President Joe Biden and his wife Jill have both recorded lowest approval ratings.
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