Rising incomes, low borrowing costs and job creation support a stronger U.S. housing market

Mar 23, 2015 17:09 pm UTC| Commentary

US existing home sales rose 1.2% in Feb to 4.88 mln units annualized. The increase failed to erase Jans 4.9% drop and it failed to break through the 5 million mark for the 2nd straight month.Looking past the monthly...

USD review: Western Union

Mar 23, 2015 15:48 pm UTC| Commentary

Softer U.S. data and a cautious message from the Fed have put the dollar in a bit of a hole that it will look for a helping hand out of in U.S. data this week on housing, inflation and durable goods. Any evidence of a...

CAD review: Western Union

Mar 23, 2015 15:48 pm UTC| Commentary

Renewed pressure on the U.S. dollar helped the loonie hold about three cents under recent six-year lows above C$1.28. Oil though continues to serve as a headwind on the northern buck and keep it on vulnerable footing. Oil...

AUD review: Western Union

Mar 23, 2015 15:47 pm UTC| Commentary

The Aussie dollar kept to a higher orbit against the greenback, building on last weeks more than 1.5 percent gain which amounted to its best week in a year. But the Aussie sank to record lows against the kiwi dollar. New...

GBP review: Western Union

Mar 23, 2015 15:47 pm UTC| Commentary

The otherwise weaker U.S. currency eked out a gain against sterling which continued to suffer from scaled back expectations for a U.K. interest rate hike. Uncertainty ahead of Britains general election in early May served...

JPY review: Western Union

Mar 23, 2015 15:46 pm UTC| Commentary

A sense the Fed would raise its key interest rate later rather than sooner worked in the yens favor, which moved below 120 against the greenback. The yield on the U.S. 10-year note has swung from comfortably above 2...

EUR review: Western Union

Mar 23, 2015 15:46 pm UTC| Commentary

The euro was off to a choppy start to the week, though it followed up its best week against the greenback in years with another gain. Although the euro benefited from a shift on the U.S. side of the equation, worries about...