A better than expected housing figure in the US: pending home sales rose by 3.4% in April, better than 0.8% expected. In addition, they came on top of an upwards revision for March: 1.2% instead of only +0.1% originally reported.
The US dollar remains strong but does not immediately react to the number.
Sales of pending homes in the US were expected to advance by 0.8% in April after a rise of 1.1% in March (before revisions). This is the last housing figure to be released for this month.
The US dollar was improving its position towards the publication, with EUR/USD trading under 1.09.
Earlier, weekly jobless claims rose to 282K, worse than 271K expected and higher than 275K for last week (revised up from 274K). Nevertheless, claims paint a positive picture.
Tomorrow we have an important event: the first revision of Gross Domestic Product in the US for the first quarter, which could turn negative and show contraction.
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