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Breaking Posted 3 hours ago

US Housing Starts Plunge 15.4% in May, Missing Forecasts

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US new residential construction fell 15.4% in May, according to a Commerce Department report released Tuesday. The drop was significantly larger than analyst expectations, signaling a sharp slowdown in the housing sector. The miss weighs on USD as it raises recession concerns and may pressure the Fed toward a dovish pivot. EUR/USD and GBP/USD could see upside, while USD/JPY may dip as risk sentiment softens and safe-haven demand for the yen rises.
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@asuquokelvin · 3 hours ago

This is a very serious slow down for dollar if fed eventually gives a dovish stand then it will definitely hit the dollar and will cause a bearish start for dollar and a bullish start for eurusd and the stocks

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