The greenback is softer across the board at the start of the week, falling near the 1.48-level against the euro and 1.9890 versus the sterling. The US economy remains in focus with a barrage of key events, including durable goods orders, Q4 GDP, the FOMC monetary policy announcement, consumption, PCE, January labor report and manufacturing ISM. The data released earlier in the session revealed another dismal report on the housing market, with existing home sales unexpectedly plunging in December by 4.7% to 604k units – its lowest in 12-years.