USD is near a two-month low ahead of US housing data

USD fell on the European market on Wednesday against a basket of major and minor currencies to resume yesterday’s stalled losses, again near a two-month low as fears over the worsening US-China trade conflict ebbed ahead of key housing data. America is one of the most important sectors of the world’s largest economy.

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USD index fell more than 0.1% at 11:40 GMT, trading at 94.03 points, the opening level of 94.13 points, the highest at 94.26 and the lowest at 93.90.

The index ended yesterday’s trading up by more than 0.1%, reversing from a two-month low of 93.87 points recorded earlier in the session.

The index also boosted the 10-year bond yield in the US by 5 basis points to above 3.05%, its highest level since late May.

The demand for USD fell as the best alternative investment at a time of heightened risk in the financial markets, with some relief over Washington’s determination of new tariffs at 10% now before reaching 25% beginning next year. What in the near future.

Investors are looking forward to important US data on the housing sector in August, one of the most important sectors of the world’s largest economy.

Construction expectations are expected to be 1.31 million in August with the same reading, and the number of homes starts at 1.24 million and the previous reading recorded 1.17 million homes.

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