Housing — News Archive


Australian Dollar Falls Then Recovers Driven by Investor Sentiment

The Australian dollar today fell against the US dollar before recovering to trade at breakeven driven by positive investor sentiment and news events. The AUD/USD currency pair today rallied higher as investors bought the Aussie ahead of a gradual reopening of Australia’s economy.

Euro Drops on Fears of Further Monetary Easing From the ECB

The euro today fell from its daily highs against the US dollar as markets reacted to news that the European Central Bank was considering a different approach to meet its inflation target. The EUR/USD currency pair later recovered given that the greenback was also under significant selling pressure as markets continue to price in a Fed rate cut on July 31.

US Dollar Slides on Disappointing Data

The US dollar is losing ground against a basket of currencies on Tuesday after a flurry of data was released and disappointed the market. The one positive this week has been the rise in housing prices, which have been running on a treadmill for more than a year. With the US-China trade war taking a breather, investors may be finding short-term direction on data instead of geopolitical events.

Dollar Erases Earlier Losses on Monday, Unable to Outperform Yen

The US dollar started the week soft, falling against basically all its major peers. But the greenback managed to turn the momentum up following the release of a very positive housing report. Now, the US currency trades either higher, or at least flat versus most of rivals, though the Japanese yen was a major exception.

Euro Declines Against US Dollar on Positive US Import Data

The euro today declined against the extremely strong US dollar after the release of positive US data relating to import prices. This was the fourth consecutive bearish session, which was accelerated by disappointing German ZEW survey data, released early in the European session.

USD/CAD Spikes to New Highs on US CPI Data Then Quickly Erases Gains

The USD/CAD currency pair today spiked briefly to new highs after the release of positive US CPI data, but quickly erased most of its gains to continue trading sideways. The release of Canada’s new housing price index might have contributed to the pullback despite being lower than the previous figure.

US Dollar Rallies Higher Against Peers on Positive Advance Retail Sales

The US dollar today rallied higher against its main peers including the British pound and the Japanese yen after the release of positive US advance retail sales data. The greenback’s rally was also supported by the positive New York Empire State Manufacturing Index, which also exceeded expectations.

Australian Dollar Drops Against US Dollar upon Release of RBA Minutes

The Australian dollar dropped significantly against the US dollar after the release of the minutes of Reserve Bank of Australia, which hinted at a dovish outlook. The RBA minutes indicated that the bank was worried about Australia’s weak labor market as evidenced by high unemployment rates and the increasing risks in the housing market.

EUR/USD Rallies Higher on Soft US Housing and Manufacturing Data

The EUR/USD currency pair rallied higher today given the weaker US dollar as tracked by the US Dollar Index and the stronger euro. The currency pair rallied higher as the US NAHB housing market index and the Empire State manufacturing survey both registered disappointing figures.

Housing Market Helps UK Pound Today

A rebounding housing market is helping the UK pound today. Sterling is higher against some of its major counterparts, even though the long-term expectations are for a downside, due to continued Brexit concerns.