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Breaking Posted 3 hours ago

US existing home sales fell unexpectedly in June

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US existing home sales declined in June, contrary to expectations, signaling weakness in the housing sector. Softer US economic data typically weakens USD as it reduces Fed rate-hike expectations and attracts capital to higher-yielding currencies. EUR/USD and GBP/USD may benefit from reduced dollar strength.
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2 hours ago

U.S. Existing Home Sales Decline Sharply in June

U.S. existing home sales fell unexpectedly in June, signaling weakening housing demand and potential economic softness. This data impacts USD pairs as housing weakness suggests slower consumer spending and may influence Fed rate expectations; traders watch for USD depreciation if slowdown fears mount.

https://www.nasdaq.com/articles/us-existing-home-sales-unexpectedly-pull-back-sharply-june
What are your thoughts?

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@asuquokelvin · 1 hour ago

One weak data point won't change the trend, but it can change expectations. If US growth continues to lose momentum, the Fed has less reason to stay hawkish, and the USD could start feeling the pressure

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