U.S. new home sales for July fall to 511,000 with expectations of 575,000 and with the previous level of 590,000. This is a decline of 12.6% m/m!
In addition, the Richmond Fed index falls to -8 with expectations of -4 and with the previous level of 0. A very weak streak of data in the U.S. during today's session.
EURUSD is back above parity.
🚀 US PPI inflation skyrockets to 6%
Economic calendar: US PPI inflation and euro area GDP 📌
Morning wrap (13.05.2026)
BREAKING: U.S. CPI shows persistent inflation pressure! Dollar Strengthens After Data Release!