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Us New Home Sales Down 10.5%

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Guest consa

US$ has reacted badly to the news...

If the dollar takes a real hammering then rates will go up more than anticipated, oh dear :)

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If the dollar takes a real hammering then rates will go up more than anticipated, oh dear :)

Dollar down could be, house sales falling, no need to raise rates.......You can produce reasons to fit you stance, bit like politics really

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If the dollar takes a real hammering then rates will go up more than anticipated, oh dear :)

Yep everything makes rates go up. Only yesterday we had this reaction to other US housing news

No matter what happens, exchange rate up or down, new bad or good rates are going up.

http://www.housepricecrash.co.uk/forum/ind...showtopic=26595

http://freeserve.advfn.com/news_Forex---Do...a_14730393.html

Forex - Dollar gets a boost from stronger-than-expected US data

LONDON (AFX) - The dollar got a boost after US housing market data came in

stronger than expected, indicating that interest rates in the country may well

have to rise further.

The dollar hit a 9-day high against both the euro and the pound in afternoon

trade after some strong US data.

Up go the rates!

Dollar up almost 100 points on the news to 1.734

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that's a massive drop (127,000 fewer new builds sold) and bad news for the US construction industry.

Needs to be taken in context with y'days figures on existing home sales which were up 340,000 or 5.1%.

Edited by Sisyphus

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Guest consa

Dollar down could be, house sales falling, no need to raise rates.......You can produce reasons to fit you stance, bit like politics really

No,

If the dollar tanks and stays down the will have to raise rates or they will lose out to foreign investment against stronger currencies, they can not afford to do that, if investment drops then they will have to raise the rates to make the dollar attractive again - in simple terms

KON that was a wrong call yesterday. ;)

Edited by consa

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Guest Riser

It was the largest percentage decrease in almost nine years :D

Forex - Dolllar slumps after weaker new home sales data - UPDATE 2

NEW YORK (AFX) - The dollar slumped against the euro and the yen Friday,

after a weaker-than-expected housing report made investors more cautious ahead

of the Federal Reserve monetary policy meeting next week.

The dollar surrendered early gains after data showed sales of new homes in

the United States fell to the lowest level since May 2003. It was the largest

percentage decrease in almost nine years.......

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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