US Dollar Forecast: New Home Sales Data Looms; Gold, GBP/USD and EUR/USD Outlook

NEW YORK (September 25) The Richmond Manufacturing Index dropped to -21, while the CB Consumer Confidence fell to 98.7, down from 105.6. These figures reflect growing concerns about U.S. economic strength, weakening the U.S. dollar and bolstering gold prices as a safe-haven asset.

Investors are now focusing on upcoming data, including New Home Sales at 699K and FOMC Member Kugler’s speech.

Any further economic weakness could push the dollar lower, enhancing gold’s appeal. The market will closely watch Wednesday’s releases for more clues on potential Federal Reserve policy shifts.

FXEmpire