Futures News – Dollar remains under pressure after FOMC, Durable good and Housing data up next.
Dollar remains soft against Euro after Fed statement overnight failed to upgrade economic assessment despite strong data. The euro continues to stay firm above around 1.37 level as supported by comments from Trichet on inflation. Nevertheless, the greenback is staying in tight range against other major currencies as some support was provided from the rebound in treasury yield over night, with 30 year yield closed near to 4.6%. Focus will turn to durable goods orders and pending home sales data today.