Forex: USD extends slide after housing data
FXstreet.com (Córdoba) - The US dollar weakened and extended losses versus most competitors after data showed US housing prices decreased slightly in October but showed a sustain recovery over the year.
EURUSD jumped to a 5-day high of 1.3241 after the data and was last up 0.5% at the 1.3235 zone, while GBPUSD also stretched to the upside, reaching a daily peak of 1.6163.
The dollar-yen however, held pretty steady consolidating last week's gains at the 85.30 zone, while the currencies linked to commodities also benefitted from the positive US data. AUDUSD rose to a high of 1.0384, while the USDCAD retraced earlier gains and slipped to the 0.9920 zone.
EURUSD jumped to a 5-day high of 1.3241 after the data and was last up 0.5% at the 1.3235 zone, while GBPUSD also stretched to the upside, reaching a daily peak of 1.6163.
The dollar-yen however, held pretty steady consolidating last week's gains at the 85.30 zone, while the currencies linked to commodities also benefitted from the positive US data. AUDUSD rose to a high of 1.0384, while the USDCAD retraced earlier gains and slipped to the 0.9920 zone.
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