The US Dollar was bullish against all of its major pairs on Tuesday. On the US economic data front, GDP rose to +33.4% for the third quarter third reading (+33.1% expected), up from +33.1% in the third quarter second reading. The Conference Board’s Consumer Confidence Index dropped to 88.6 on month in December (97.0 expected). from a revised 92.9 in November. Finally, Existing Homes Sales slipped to 6.69 million on month in November (6.70 million expected), from a revised 6.86 million in October. On Wednesday, the Mortgage Bankers Association’s Mortgage Applications data for the week ending December 18th is expected. … (full story)
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