USD Dollar (USD)

The Dollar gained against most majors, erasing its decline versus the Euro as an unexpected drop in Existing Home Sales reduced demand for higher-yielding currencies as economic conditions showed a turn for the worse. NASDAQ and Dow Jones decreased by -1.11% and -0.42% respectively, Crude oil continued to plunge, decreasing by 4.5% to a price of 65.89$ a barrel as a result of the inventories report on Wednesday and worse economic conditions. Gold (XAU) weakened by -1.5% closing at 993.86$ an ounce. Today, Core Durable Goods Orders are expected at 0.9% vs. 1.1% prior. New Home Sales are expected at 442K vs. 433K prior.