Last week’s rather sparse U.S. economic data calendar highlighted two fundamental factors that are driving the U.S. dollar lower: the twin trade and budget deficits. While a weak report on consumer sentiment in early November was worrisome, data on jobless claims, banks’ willingness to lend, another set of robust economic data from China, and the weaker dollar were enough to keep the eight month, 65% rally in the U.S. equity markets on track.
In sharp contrast to last week’s data calendar, this week’s is chock full of data. Among the reports due out are:
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