The dollar has weakened slightly against the euro this morning but has made some gains against the pound.
The greenback was relatively unaffected by yesterday’s mixed bag of data. After falling below 300,000 for the first time since before the pandemic last week, initial jobless claims figures once again fell as fewer Americans file for unemployment benefits.
Existing home sales surged 7% in September, which is the strongest level in eight months. Housing demand in the US is currently very high as buyers rush to buy property before mortgage rates rise next year.
The Philadelphia Fed Manufacturing Index also fell in October. This afternoon, markets will be paying close attention to US Markit PMI.
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