Forex new for US trading on May 20, 2016
Fundamentally, Canada retail sales ex autos came in negative at -0.3% vs expectations of -0.4%. CPI was 1.7% – as expected. US existing home sales were a little better than expectations at 5.45M vs 5.40M estimate. Inventories remain low at 4.7 months. The Median sales price rose to 232K from 221K. The concern in the housing is not enough affordable housing is available for the new home buyers. US stocks were higher but off the lows. Bond yields were little changed in trading today as was gold.
Forexlive Americas FX news wrap: GBPUSD gives up 50% of the week’s gains
