Robust new home sales figures helped to boost the dollar against the pound and euro yesterday. Forecast at 647k, they came in slightly higher at 692k, in more evidence of the relative strength of the American economy right now.
The dollar index, which measures it against a basket of major currencies, was at almost a two-year high this morning, at 97.777.
Tomorrow, we’ll see durable goods orders and, on Friday, we will see the US’ first quarter GDP data, forecast at 2.2%.
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