FXS: Forex: Dollar, unchanged after US Housing and PPI data
FXstreet.com (Barcelona) - The Dollar has remained practically unaffected by US New Home Sales and PPI figures, as the greenback continues rallying against its major rivals except the Yen.
EUR/USD continues heading south, trading at 5-months low, as decline from Tuesday's high at 1.4415 extended below 1.4200 reaching levels around 1.4125 at the time of writing.
GBP/USD remains trading right above 1.6250 support after pulling back from 1.6460 high on Tuesday. USD/JPY has retreated from 91.35 high on Asian session and the pair moves between 90.75 and 91.00.
U.S. Housing Starts declined 4.0% in December to a seasonally adjusted rate of 557,000 units, while building permits increased by 10.9% to a seasonally adjusted rate of 653,000 in December. US PPI showed that inflation remains tame, with producer inflation 0.2% up in December on oil prices, as the Core PPI remained flat
