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18.11.2015 - The data on the US housing market weakened the dollar

Price of euro corrected upwards today after the publication of weak statistics on the US housing market, which has led to the weakening of the dollar. Thus, the number of housing starts fell to 1.06 million in October against 1.16 in September and 1.16 million forecast. At the same time, the number of requests for construction of new homes rose to 1.15 million, in line with analysts' forecasts. It should be noted that the dynamics of the housing market remains positive and we expect a continuation of the negative dynamics of the euro with the first target at 1.05.

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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