Firm Dollar Today!

Although existing home sales were disappointing this morning, the Dollar was very firm throughout the day. On an annual basis, existing home sales through December were 6.6 million. It was expected at 6.84 million. It is becoming increasingly clear that the U.S. housing sector is getting softer, though few expect a significant sell-off. Lower crude prices helped the Dollar today, as it rose steadily against the other majors.