Monday, 25 January 2010

US Existing home sales fall:

The data was released today at 3:00pm GMT and it had a negative affect over the USD. The EUR/USD rose with about 20-25pips after the report. Sales of previously owned homes suffered a record drop last month as the boost from a popular tax credit waned, raising doubts the housing market recovery can be sustained without government support. Current price EUR/USD 1.4151