As US economic data continues to hold up relatively well against other major economies, the dollar continues to perform well. Although not tier one data, this was laid bare once more yesterday as data releases from the US and Eurozone put the two economies on seemingly divergent paths. Eurozone consumer confidence posted a big miss, whilst US New Home Sales posted a big beat. In the past month, the US trade weighted Dollar Index has strengthened around 2%, as a string of positive data has driven consistent upward revisions of Q1 GDP. In that time, the Atlanta Fed’s GDPNow forecast has gone from around +0.5% to +2.8%. ... (full story)