US dollar firms on a solid slate of data ...Middle East

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US dollar firms on a solid slate of data
There has been a full slate of US economic data today and the picture is of an economy that's still strong.If you squint, you can see some softening but it's balanced by forward-looking optimism. Here was the slate:US existing home sales for February 4.38M vs 3.94M expectedUS March flash S&P Global services PMI 51.7 vs 52.0 expectedPhilly Fed March business index +3.2 vs -2.3 expectedUS initial jobless claims 210K vs 215K estimateThe services PMI was the only miss but the manufacturing number beat and the six-month ahead index surged to a two-year high. The market wants to get behind the idea of a slowing economy and Federal Reserve rate hikes and the market wants to take Powell at his word

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