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Dollar Strengthens Ahead Of U.S. Economic Data

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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The National Association of Realtors is scheduled to release its report on U.S. existing home sales for May at 10:00 am ET. Economists estimate existing home sales of 4.57 million for the month after sales rose 3.4 percent to 4.62 million units in April.

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 0.5 for June, an improvement from -5.8 in May.

The Conference Board is scheduled to release a report on the U.S. leading economic indicators index for May at 10:00 am ET. The consensus estimate calls for an unchanged reading for the month.

Additionally, the Federal House Finance Agency, or FHFA, is set to release its house price index for April at 10:00 am ET. Economists expect a 0.6 percent increase in the house price index compared to a 1.8 percent increase in March.

The US dollar edged higher against its major rivals ahead of the report. As of 9:55 am ET, the greenback was trading at a 5-week high of 80.22 against the yen, session's high of 1.5665 against the pound and 2-day highs of 1.2622 against the euro and 0.9517 against the Swiss franc.

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Forex News

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.