RTTN: Dollar Mixed Ahead Of US New Home Sales, Richmond Fed Manufacturing Index Data
The Commerce Department is due to release its new home sales report for March at 10:00 am ET. The consensus expectations call for an increase in new home sales to a seasonally adjusted annual rate of 419,000 in March from 411,000 in February.
Around the same time, the Richmond Federal Reserve will release the results of its regional manufacturing index for April. Economists expect the index to remain unchanged at 3 in the month.
The dollar showed mixed performance ahead of the report. While the greenback edged higher against the yen, it drifted weaker against the rest of majors. As of 9:55 am ET, the US dollar was trading at 99.36 against the yen, 1.5265 against the pound, 0.9392 against the Swiss franc and 1.3020 against the euro.
