AUD/USD New Range

The big story yesterday was the U.S. existing home sales figure, which came in 5.2% higher than the previous month. This was the steepest rise in 2-year and seems to have quashed, for the time being, worries of a slacking housing market. Although markets will be looking forward to this morning's companion new home figure, the existing home figure bodes well for consumer spending, and in turn, overall growth. As a result, the Dollar rose across the board. Read More....