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Dollar Down Ahead Of US Existing Home Sales, Leading Index & Philly Fed Survey

The National Association of Realtors is scheduled to release its report on existing home sales for March at 10:00 am ET. Economists estimate existing home sales of 4.62 million for the month compared to 4.59 million units in February.

Additionally, the results of the Philadelphia Federal Reserve's manufacturing survey are due out at 10:00 am ET. Economists expect the diffusion index of current activity to show a reading of 12 for April, a marginal drop from 12.5 in March.

Also at 10:00 am ET, the Conference Board is scheduled to release a report on the U.S. leading economic indicators index for March. The consensus estimate calls for a 0.2 percent increase in the leading indicators index for the month.

The US dollar edged lower against its major opponents ahead of the data. As of 9:55 am ET, the greenback was trading at 1.3137 against the euro, 0.9151 versus the Swiss franc, 1.6065 against the pound and 81.50 against the yen.

by RTTNews Staff Writer

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