Data for existing home sales for April will be announced today by the National Association of Realtors in Washington, D.C., and experts are predicting that the data will show that the housing sector is still weak. This data will be released two days after the Federal Reserve reduced its growth forecast for 2008 and increased its estimates for inflation for the current year. It appears that, except the housing data, analysts do not see any additional data that will affect the currency market today.