We witnessed a bit of an improvement in risk sentiment yesterday, and with it the dollar weakened slightly. US headline core durable goods orders printed weaker than expected, further evidence of softer business investment, which didn’t do the greenback many favours either. Initial jobless claims also trended higher, while existing home sales rose for the first time in 7 months.
US stocks generally performed well, though, so the news from the US wasn’t all negative. Overall, moves in the dollar were muted as US traders eyed a long weekend, or at least a day of for Thanksgiving today. In this respect, it could well be a quiet day in FX.