3:03 PM · 18 May 2023

BREAKING: USD appreciation extends after US survey, new home sales data

US existing home sales data for April:

Actual: 4.28mn, Expected: 4.30mn, Previously: 4.44mn

EURUSD extends downward momentum after publication of lower-than-extected US home sales data. As it can be noticed on the chart, Existing Home Sales tends to lead the housing permits and star datat, therefore further weakening in this sector should be expected.

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