FX Pairs Were Largely Unchanged Yesterday

FX pairs were largely unchanged yesterday, though equities sold-off in the face of worse-than-expected existing home sales. In terms of this morning's data, it is has started rather negative, with durable goods down 2.4% in July and new homes sales expected to show continued softness. The ex-transportation figure for durable goods was up (+.5%), less than expected, though the non-defense number was a healthy +1.5%. Read More....