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Two important data releases are due out today that could have a significant impact on the Dollar. Durable Goods are classed as goods that are planned to be in service for three years or more – automobiles and appliances for example. As these tend to be expensive items they are sensitive to the state of the economy and thus the orders for these products are a useful indicator as to the current state of the economy and inhabitants’ perspective of the economy. Any significant deviation from the predicted figures is likely to see a corresponding valuation of the Dollar.

Housing Sales are often the most linked industry to the economy as the price of Houses are the most significant purchases people make. Not only are House Sales sensitive to the economy but they can help to stimulate it, as a New House purchase often triggers other puchases such as appliances, for instance.

These figures are due for release at 13.00 and 15.30 respectively so get in touch with your currency broker on FREEPHONE 0800 328 5884 to make the most from your transfer.