FXMarketAlerts Team
FXMarketAlerts
Published at 14:07 (GMT) 22 Sep
US existing homes sales came in on the lower side of expectations, with the headline print showing 5.05mln unit rate vs 5.2mln expected. This does not seem to have had any negative impact on the USD as yet, with USD/JPY still trying to reclaim 109.00 in current trade. At the same time, we also saw flash consumer sentiment in the Euro zone falling more than expected by 11.4 vs -10.5 expected, and judging by the behaviour of EUR/GBP testing .7850, players are selling EUR's on the back of this. EUR/USD is sub 1.2840 again, and with the large expiries in the region now out of the way, we may well see another test on the earlier 1.2825 base.
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