USD Rises After Home Sales Data – GDP

The USD was on the rise today after U.S. existing home sales in November and a lower reading of third-quarter growth in the U.S., which came as businesses trimmed their inventories overhang. Treasury yields also rose to four-month highs amid upbeat economic views and expectations that the Federal Reserve might eventually lift interest rates next year – again this is a couple months out people.

As far as GDP – the U.S. economy grew at the fastest pace in two years during the third quarter, but the revised annual growth rate of 2.2% was much slower than the 2.8% the government initially reported.