We have seen lot of buying interest on USD today mainly due to strong housing market numbers in US and weaker Eurozone and U.K. data, as a result EUR & GBP dropped to fresh multi-month lows. The outlook for the U.S. economy leaves a lot to be desired but at the end of the day, dimmer prospects abroad is making the dollar and U.S. assets more attractive to foreign investors.
Consumer price growth rose less than expected but housing starts and building permits rebounded strongly in the month of Ju…
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