The US dollar is stabilizing. Data on sales of housing in the US - Ester Holdings
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The US dollar is stabilizing. Data on sales of housing in the US

The US dollar is trying to stabilize its position against the basket of currencies after the decline in the European session. At the moment, support for the US currency is provided by positive statistics on sales in the housing market in the United States.

  • According to published data, sales in the secondary housing market in February amounted to 5.54 million, exceeding the January value of 5.38 million. As a percentage, sales growth was 3.0%, against the decline in the previous period at -3.2 %.

Against the background of this statistics, the US dollar index retreated from the low of today’s trading, at 89.60, but, in turn, is in no hurry to significantly recover its positions, which is due to the expectation of publication of the results of the Fed meeting. See “Market Focus“.

Fig. Graph of the US dollar index. The current price is DXY -89.68.

Alexander Sivtsov

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