The U.S. dollar was seen trading mixed on Monday as the currency pair managed to ease back against the euro currency and was also seen trading weaker against the Japanese yen. Compared to other currencies including precious metals, the Greenback managed to hold its ground.
Economic data was limited on Monday with only the new home sales report showing an increase of 689k which beat estimates of 665k increase.
Looking ahead, the economic calendar is relatively quiet for the day. From the Bank of England MPC members, Haskel and McCafferty are expected to speak over the day. McCafferty was one of the dissenting votes at last week’s BoE meeting who voted in favor of a rate hike. Therefore, his comments could be on the hawkish side.
Data from the Eurozone is quiet and in the U.S. trading session the S&P/CS housing price index data is expected to be released. The conference board will be releasing its consumer confidence data which is expected to slip slightly to 127.6.
FOMC member, Bostic is due to speak later in the evening.
