A better than expected housing figure in the US: pending home sales rose by 3.4% in April, better than 0.8% expected. In addition, they came on top of an upwards revision for March: 1.2% instead of only +0.1% originally reported.
The US dollar remains strong but does not immediately react to the number.
Sales of pending homes in the US were expected to advance by 0.8% in April after a rise of 1.1% in March (before revisions). This is the last housing figure to be released for this month.
The US dollar was improving its position towards the publication, with EUR/USD trading under 1.09.
Earlier, weekly jobless claims rose to 282K, worse than 271K expected and higher than 275KÂ for last week (revised up from 274K). Nevertheless, claims paint a positive picture.
Tomorrow we have an important event: the first revision of Gross Domestic Product in the US for the first quarter, which could turn negative and show contraction.
Here is how to trade the US GDP with EUR/USD.
