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Posted December 31st, 2013 by Charles Purdy

Weak housing data creates mixed fortunes for the US dollar

The US dollar had a mixed day yesterday, incurring losses against sterling and the euro following data released showing the pending homes sales figure from the US fell significantly short of its forecasted level. However, the US currency managed to reach a five year high against the yen, before retracing slightly. Out today, we have consumer confidence which could cause some market volatility with decreased liquidity in the market. Other data released includes PMI data from Chicago and data showing the change in selling price of family homes. Call in now for a live update on what is a relatively busy day for data in the US

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