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The dollar traded against major currencies after US data

2019-06-25 04:01 pm | Resource: News | No Views : 131

 The dollar traded against major currencies after US data

The US currency was mixed against major currencies after data. While the dollar fell against the yen and the franc, it has not changed much against the euro and the pound. New US Home Sales for May and June Consumer Sentiment were announced

New home sales in the United States fell unexpectedly by 7.8% in May

A report released by the Commerce Department on Tuesday unexpectedly showed a sharp drop in sales of new homes in the United States in May.

Sales of new homes fell 7.8 percent to an annual rate of 626,000 in May after falling by 3.7 percent to a revised 679,000 in April, the Commerce Department said. Economists had expected new home sales to rise by 1 percent to 680,000 from 673,000 reported the previous month.

The unexpected drop in sales of new homes came as sales in the West fell by 35.9 per cent to 125,000 while sales in the north-east dropped 17.6 per cent to 28,000. Sales of new homes in the Midwest The South increased by 6.3 per cent and 4.9 per cent, respectively.

US consumer confidence is deteriorating amid rising trade tensions

Reflecting the escalating tension in trade and tariffs earlier this month, the Conference Council issued a report on Tuesday that showed a sharp deterioration in US consumer confidence in June. The Conference Board said the consumer confidence index fell to 121.5 in June from 131.3 in May.

Economists had expected the index to drop to 132.0 from 134.1 reported in the previous month. With a sharper than expected decline, the consumer confidence index fell to its lowest level since it hit 120.6 in September of 2017.

"The rising tensions in trade and tariffs earlier this month seem to have shaken consumer confidence," said Lynn Franco, senior director of economic indicators at the Conference Council.

Dollar trading against currencies
  • The Dollar was up at 1.1390 ​​against the Euro.
  • The dollar fell against the Japanese currency to 106.97 yen.
  • The Swiss Franc fell to 0.9728 francs.
  • GBP / USD fell to £ 1.2726.

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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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