According to a few market analyst, profit-taking after last week's strong moves still moved the price action yesterday. Plus, the forex calendar showed no high impact news.
Still, there are a few economic news releases scheduled for the dollar today. At 19:30 (GMT +7), the current account report for Q2 2012 is anticipated at 126 billion USD deficit.
Then at 21:00 (GMT +7), the NAHB housing market index is expected to show that housing conditions continued to improve in September. The release is anticipated at 38.
However, the most awaited for today is NY Fed President William Dudley has to say in his speech later at 22:30 (GMT +7). Here traders will be on watching closely for the FOMC voting member's outlook on the economy.
Still, there are a few economic news releases scheduled for the dollar today. At 19:30 (GMT +7), the current account report for Q2 2012 is anticipated at 126 billion USD deficit.
Then at 21:00 (GMT +7), the NAHB housing market index is expected to show that housing conditions continued to improve in September. The release is anticipated at 38.
However, the most awaited for today is NY Fed President William Dudley has to say in his speech later at 22:30 (GMT +7). Here traders will be on watching closely for the FOMC voting member's outlook on the economy.
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