Traders can expect a light trading day today, as the Easter holiday has resulted in the closing of European markets. Still, news out of the US may impact dollar pairs in afternoon trading. The greenback has tumbled against its main currency rivals over the last several weeks. Positive news may help give the currency a short term boost to start off the week.
Here is a roundup of today’s main economic news:
14:00 GMT- US New Home Sales
Analysts are predicting the number of new homes sold in the US increased over the last month to 280K. Should the figure turn out to be true, it will likely be seen as evidence of further improvements in the US economy and may give the dollar a short term boost. At the same time, traders should be aware that a worse than expected figure may take the dollar below its current record lows against its main currency rivals.