Yesterday the dollar steadily rose against sterling following the latest UK inflation data. This morning the dollar continues to strengthen against both the euro and sterling.
Yesterday’s Mom retail figures for July unexpectedly halted at 0%, disappointing markets which anticipated a 0.2% increase
Today, data on existing home sales will be released. Home sales plunged to a seasonally adjusted annual rate of $5.12MM in June, well under market forecasts of $5.38 million. Markets are predicting sales will decline further, to an even lower $4.8 million.
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