Most of Wednesday' US statistics were of the ho-hum variety. MBA mortgage applications were up by 13.5%. Import and export prices were both down by an annual 0.6%. Crude oil stocks were down by 2.7m bbl on the week.
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Confidence boost
A better than average day for the USD
First place for USD yesterday
The USD weakened significantly on New Year's Day, losing half a cent to the EUR in a thin market...
It was déjà vu all over again for the dollar
Where the USD failed to respond positively to good US economic data, the EUR failed to respond to anything at all
The dollar was Monday's clear leader, reinforcing its place as the week's top performer. It strengthened by an average of 0.4% against the other majors. No new US economic data were available to investors...
It was the USD's turn yesterday to go with the flow, almost untouched by economic data or central bank inputs. On average it was 0.3% firmer against the other ten most actively-traded currencies.
The backlog of data held back by the shutdown began to be unwound yesterday with the release of November's new home sales. They were punchy numbers, with a monthly increase of 16.9%...
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