US Dollar: Watch Out for Housing and Confidence Next Week

There is key US economic data coming this week that will determine the weekly fate of the dollar. Housing market releases will be on the forefront this week. Housing starts are on Monday and are expected lower. This could mean the USD will be weaker. However with oil prices at six month lows inflation concerns have lowered. The lower gas prices could keep consumer confidence higher and balance out the Housing Starts information. The Consumer Confidence Report is on Tuesday. Short term it appears the USD selloff is played out. Increase consumer confidence may result in a bounce.

US Dollar: Watch Out for Housing and Confidence Next Week

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