U.S. Dollar Extends Slide Vs Franc, Euro After Soft Pending Home Sales Data
June 29 2015 - 10:35AM
RTTF2
The U.S. dollar continued its early decline against the Swiss
franc and the euro in New York deals on Monday, as U.S. pending
home sales rose less-than-expected in May.
Data from the National Association of Realtors showed that the
pending home sales rose 0.9 percent in May, up from expectations
for a 1.3 percent growth. The April reading was revised down to 2.7
percent increase.
The greenback fell to a 5-day low of 0.9285 against the franc,
off early multi-week high of 0.9426. At Friday's close, the pair
was quoted at 0.9326.
The greenback, having advanced to a 4-week high of 1.0953
against the euro in the previous session, reversed direction and
was trading at 1.1159.
The greenback is likely to find support around 0.92 against the
franc and 1.15 against the euro.
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