“January housing data can be volatile because of seasonal influences, but low housing supply and the ongoing rise in home prices above the pace of inflation appeared to slow sales despite interest rates remaining near historic lows,” he said. “Realtors are reporting that low rates are attracting potential buyers, but the lack of new and affordable listings is leading some to delay decisions.”
After the data USD was pushed slightly lower against its major rivals. Euro is currently being traded few points above 1.1330 level, Sterling is around 1.5420 area, while Aussie is at 0.78 handle.
