Dollar Steady Ahead Of US Housing Market Data, Philly Fed Index

The Philadelphia Federal Reserve is due to release its general business conditions index for January at 10:00 am ET. The consensus estimates call for an increase in the index to 8.7 from 7 in December.

The National Association of Home Builders is scheduled to release its housing market index for January at 10:00 am ET. Economists expect the index to have edged down to 57.5 from 58 in December.

The US dollar held steady against its major rivals ahead of the data. As of 9:55 am ET, the greenback was trading at 104.25 against the yen, 0.9056 against the Swiss franc, 1.6365 against the pound and 1.3630 against the euro.

The material has been provided by InstaForex Company – www.instaforex.com

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