USD Trading Outlook (28-01-2013)
U.S. Dollar Trading (USD) the USD had a mixed end to the week losing ground against the Euro but enjoying solid gains against the Yen with USD/JPY breaking above Y90 and testing Y91 by the end of the New York session. The USD is benefitting from a wave of verbal interventions in the FX market from Japan to UK. New Homes Sales fell in December to 369k vs. 398k previously. Looking ahead, December Durable Goods Orders forecast at 0.8% vs. 1.6% previously. Also Pending Home Sales forecast at 0.5% vs. 1.7% previously.
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