25th February 2014
The US dollar has edged lower against the yen and the euro in forex trading markets today (February 25th), ahead of key US economic reports.
Official data relating to the country's gross domestic product growth is set to be published on February 28th, but several releases are due ahead of this.
During today's session, American house price figures and a gauge of consumer confidence will be reported.
These will be monitored closely by analysts and investors alike as they attempt to assess the strength of the US economic recovery, which has been called into question in recent weeks following the release of below-estimate data.
This has led to suggestions the Federal Reserve may be required to pause the tapering of its quantitative easing programme.
Elsewhere, the euro is under pressure in forex trading markets amid speculation the European Central Bank will cut interest rates further in an attempt to ward off deflation in the euro area.
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