Forex: EUR/USD – Dollar strengthens on US updates

iNVEZZ.com Tuesday June 25th: The USD has received support from the most recent US economic updates, released today in American session. The pair has fallen by 60 pips to new daily low at 1.3076.

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A round-up of the US updates:
– Durable goods orders increased by 3.6 percent May m/m, bettering expectations for 3.0 percent and matching the prior month.

– Excluding transport items, orders rose by 0.7 percent, above estimates for zero percent though below April’s 1.5 percent growth.
– The latest Redbook Index showed contraction by 0.5 percent on a monthly basis and 2.8 percent on annual basis for the week ended June 16, against the previous -0.4 percent and 2.9 percent respectively.
– The Housing Price Index grew by 0.7 percent in May, down from the 1.5 percent increase in April.

– The S&P/Case-Shiller Home Price Indices climbed by 12.1 percent in April y/y, following March’s 10.9 percent rise, and bettering expectations for 10.6 percent growth.

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