MW : Dollar steady after U.S. ISM and Pending Home Sales data
FXstreet.com (Barcelona) - Euro and Pound have spiked up somewhat on the back of positive U.S ISM and Existing home sales data, although both pairs returned to previous levels minutes afterwards. EUR/USD rose from levels around 1.4220 to 1.4245 to return to 1.4220 afterwards, while GBP/USD rose from 1.6230 to 1.6260 and back.
U.S. Manufacturing ISM has risen to 52.9 in July, from 48.9 in June, reaching levels above 50, which means growth of the sector's activity, and beating experts' expectations of an increase to around 50.9.
Furthermore, U.S. Pending Home Sales have increased 3.2% in July from June, and 12.0% from July 2008. The Index has reached its highest level since July 2007, right before the outbreak of the housing slump.
