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US dollar rises further after strong reading on home builder sentiment

US dollar rises further after strong reading on home builder sentiment
The tone of economic data today has been soft globally but strong in the United States. Earlier data on retail sales was solid and that was followed by strong industrial production and now a rise in homebuilder sentiment.The latter has cleared the way for a rise to the best levels of the day in the US dollar on virtually every front. Home building is particularly interesting given that Home Depot shares are down 2.1% today after announcing soft Q1 revenue. The thinking, perhaps, is that the sent... Read More
Posted: May 16 2023, 14:27
Author Name: forexlive
Views: 102250

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