Forex News: Existing Home sales come out weaker than expected
Annualized rate comes in at 4.86 million down from 4.99 million last month Months supply of homes 11.1 months The housing continues to be weak. The supply of homes is still high at 11.2 months. Foreclosures are adding to the problems needless to say. This is pressuring the US dollar. However, with the weak economic numbers coming out of the UK and Eurozone today, the effect should have limited upside. More…
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