FXstreet.com (Barcelona) - U.S. existing home sales have declined 2.7% in August to an annual rate of 5.10 millions of units, against market expectations of a 2.1% advance. The Dollar has gained more ground against Euro and Pound.
GBP/USD decline from 1.6380 intra-day high has extended below September 21 low at 1.6130, and the Pound hit a fresh 2-month low at 1.6085. At the moment of writing, the Pound trades at 1.61.00; 1.37% below its opening level.
EUR/USD recovery from 1.4685 has been capped at 1.4800 on early U.S. session and the Euro has given away most of the ground taken during European session, falling to levels around 1.4710 at the moment of writing.
USD/JPY rebound from 90.35 low has extended after housing data, and the Dollar reaches levels right above 91.00 at the time of writing.