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Orbex Daily Forex Analysis For October 27th 2014

Orbex Daily Forex Analysis For October 27th 2014

Guest post by Jay Hawk at Orbex

Fundamental Currency Analysis

USD: The U.S. Dollar Index is currently down -0.2220 or -0.26% to 85.5100 after opening at 85.6960 in Asia earlier today. The Greenback is off against most major currencies as traders tread cautiously ahead of Wednesday’s FOMC Statement and in the wake of Friday’s disappointing New Home Sales number. The annualized number of New Home Sales dropped to 466K compared to an expected 473K. Later today, the National Association of Realtors releases Pending Home Sales (+1.1%).

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