28.05.07

USD lost ground yesterday against major pairs. The deciding factor was the April Existing Home Sales report from the National Association of Realtors. When the gauge hit the wires below expectations with a 2.6 percent drop in purchases over the period, the economic calendar officially lost its hold over the currency. Momentum had built through yesterday’s New Home Sales report for the same month, which reported the biggest jump in sales volume in 14 years.

Elsewhere, oil prices edged lower after Nigerian oil workers' called off strike.Trading at 64.90 USD.

EUR 1.3456
JPY 121.64
GBP 1.9842
CHF 1.2268
AUD 0.8191
CAD 1.0793
NZD 0.7263
EUR/GBP 0.6781
EUR/JPY 163.69