US existing home sales rose a better-than-expected 7.4% in November, fueled by the first-time buyer tax credit expiration (which ultimately was extended).
Richmond Fed manufacturing data was weak, falling to -4 in December from +1 in November.
The dollar is ignoring weak Richmond data and trading firm as EUR falls to fresh lows for the session at 1.4265. 1.4250 exotic options are rumored. Stops are clustered in the 1.4240/50 area, traders say.
