Today's economic landscape is characterized by significant developments within the US market, particularly stemming from critical events such as Fed Chair Powell's testimony and the latest figures on new home sales. These events hold substantial implications for currency fluctuations and overall market sentiment. Close observation is warranted as these figures will guide economic outlooks and investment strategies. Let's delve into the specifics to understand their potential impacts on the USD.
Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
---|---|---|---|---|---|---|
Fed Chair Powell Testimony | 2025-06-25 14:00:00 | N/A | N/A | N/A | N/A | High |
New Home Sales (May) | 2025-06-25 14:00:00 | 9.6% | -13.7% | -5.8% | -23.3% | High |
Considering today's figures, the ongoing economic indicators are largely bearish for the USD, primarily driven by the notable decline in housing sales, suggesting economic vulnerabilities. These factors, barring corrective commentary by Fed leadership, could weigh against USD strength.