FXstreet.com (Barcelona) - U.S. markets are going through slight advances at opening times with home builders favored by an increase in home prices seen in July. The Dollar consolidates gains against Euro and Pound, extends rally against Yen.
Dow Jones Index edges up 0.2%, while the Nasdaq Index rises 0.28%, and the S&P Index trades 0.47% higher in the first minutes of trading.
On the macroeconomic domain, U.S. Case Schiller 20 City home prices Index has risen 1.6% in July, although year on year it remains 13.3% lower.
Dollar consolidates gains
EUR/USD has dropped from 1.4640 during European session to 1.4535, 2-weeks low and the pair remains moving in a range around 1.4550 at the time of writing, 0.45% below its day opening Price.
GBP/USD decline from 1.5955 Asian session high, found support at 1.5825, and the Sterling bounced back reaching levels above 1.5900 to be capped at 1.5990, and returns, at the moment of writing, to levels ground 1.5920.
USD/JPY rebound at Monday's low at 88.20 has extended tpo levels above 90.00 , although the pair seems to have found resistance at 90.20 and remains tradig ftom the mentioned resistance level to 89.65 on the downside.