dollar higher and some stabilization
The pace of economic contraction is slowing and this seems to be in line with household spending showing signs of stabilizing. U.S. inflation data is still smooth with recessionary pressures helping there. Economic recovery may begin later this year.
The U.S. dollar has had a good week and could see further gains on Friday the 26th. U.S. data has, for the most part, been dollar friendly and given the current trend, the dollar could keep the gains going into early next week. Just how much risk appetite is out there among traders? That remains to be seen, but gold was a bit lower and commodities in general were lackluster this week.
