FX Update: The dollar majors are near net unchanged FX Update: The dollar majors are near net unchanged following an uneventful pre-Europe session in Asia. The AUD wobbled following mixed housing finance data, with the above-forecast headline offset by less encouraging details, but overall impact was limited and AUD-USD remained well within its yesterday range, posting a 20 pip rang in the high 0.93s. EUR-USD oscillated around 1.3600. USD-JPY settled today around 101.25-35 in Tokyo trade after breaking lower yesterday, which left a six-week low at 101.06. Market participants will continue to watch Eurozone developments after being spooked yesterday by the missed debt repayment by a company linked to Portugal's second biggest bank. Banco Espirito Santo.
New Home Sales to be reported at 10:00 June New Home Sales will be reported at 10:00 . Current consensus is 475K
More from George: More from George: the Fed hawk is anxious to move to normalization and said tapering will continue as long as the economy progresses. She expects the balance sheet to be near $4.5 tln, and would prefer the holdings to be all in Treasuries. There is a "reach for yield" going on in a number of places, she believes. Too-big-to-fail still exists and is a concern.