Excellent US data: existing home sales jump to an annualized level of 5.15 million, the Philly Fed figure leaps to 28 points, and the CB Leading Index rises by 0.9%.
Everything sees positive in the US economy today. Will Yellen acknowledge it?
The Philly Fed Manufacturing Index for August was expected to drop to 19.7 from 23.9 expected. Existing home sales carried expectations for around 5 million (annualized) in July after 5.04 million in June (before revisions.
The dollar was retreating from its highs earlier. EUR/USD traded around 1.3270, GBP/USD just under 1.66 and USD/JPY stood on around 103.70 — more coming —
Markit’s manufacturing PMI surprised with 58 points, the strongest in over 4 years.
Earlier, jobless claims continued flirting with the 300K level, and this time dropped below, to 298K.
The main theme so far was the FOMC minutes, which weren’t too dovish. The next big event is Janet Yellen’s speech in Jackson Hole, tomorrow at 14:00.
More:Â Forex market favors US dollar
