The dollar had a fairly strong week last week after a series of positive data releases, making the chance of an interest rate cut more unlikely.
US GDP was released, confirming that growth increased slightly in the third quarter of this year and came in as expected at 2.1%. There were also signs that a strong labour market supported a moderate pace of expansion as the year ended.
Personal Income advanced 0.5% from a month earlier in November 2019, beating market expectations of 0.3%. Personal Spending also grew, matching market expectations of 0.4%.
We’ll see Durable Goods Orders this afternoon, as well as New Home Sales figures.
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