EUR/USD has recovered to the 1.4970 from around 1.4950-ish on better-than-expected consumer confidence. It rose to 49.5 from an upwardly revised 48.7.
Nice call John B! USD/JPY is up to 88.48.
Other economic tidbits include the Richmond Fed index which fell to +1 in November from +7 in October and the FHFA home price index which was unchanged in September from a 0.5% drop in August.
The State Street Global Investors confidence index fell to 100.8 in November from 108.4 in October.
The FDIC reports that there are 522 banks on the problem list in Q3 from 416 at the end of Q2. The FDIC’s insurance fund has dipped into the red, however.
