Dollar slightly lower versus peers ahead of EU summit

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Source: Bloomberg
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US Dollar depreciated versus most of its peers on Thursday as EU officials gather in Brussels today to tackle Eurozone debt turmoil. The greenback gave up 0.4% to USD 1.2519 in London trade and slipped also 0.4% versus Yen to JPY 79.42. Currently EUR/USD is trading at 1.2495.
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Thu, 28 Jun 2012 08:53:22 GMT

US pending home sales advanced in May

The sales of previously owned homes accelerated in May signalling improvements in US real estate market. The gauge measuring pending home resale added 5.9% to 101.1 and repeated a two year record high attained in March. The reading fell 5.5% in April. Analysts suggest low mortgage cost and cheaper real estate are likely to maintain consumer interest despite uncertainties in labour market.

Thu, 28 Jun 2012 08:31:22 GMT

Durable goods orders improved in May

US durable good orders recovered in May relieving worries the world's biggest economy is entering recession. Orders for goods supposed to last at least three years surged 1.1%, the first advance in four months. Stocks appreciated on better monthly reading. Orders posted a 0.2% decline in April. On a year to year basis durable goods orders have lost 6.8%. 

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