FxPro Forex Analysis: Holding tight ranges but better US data

We’ve seen some better US data this afternoon, but the dollar has held a tight range for the most part, with some weakness seen against the yen and Aussie. But what we are seeing is better data on housing continuing, with Existing Home sales this afternoon coming through and rising a firmer than expected 2.4%. For what it’s worth, Philly Fed data was also firmer than expected, rising at the fastest pace since early 2011. For now, it seems that markets have settled down, waiting for Friday and keynote speech from Fed Chair Yellen.