Today’s session featured some very good reports from the US including a better than expected drop in weekly jobless claims – undoing some of the anxiety from last week’s poor report – as well as a surge in existing homes in December. The labor and housing market are the weak links for the US economy right now, and today’s data can help to shift conventional wisdom again to better underlying fundamentals for the US. The USD responded positively today, can it extend those gains into a rally?