The dollar is slightly stronger against the euro this morning but remains relatively unaffected by a mixed bag of data.
The Chicago Fed National Activity Index – a monthly measure designed to gauge overall economic activity and related inflationary pressure – fell for the second consecutive month in September, indicating that economic growth in the US is beginning to lose momentum.
Conversely, the Dallas Fed Manufacturing Business Index, which looks at the manufacturing activity in Texas, showed an increase of 10 points.
Today, data relating to housing will be released, including the House Price Index and New Home Sales, as well as CB Consumer Confidence figures.
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