The USD strengthened significantly. Overview for 26.09.2019

On Thursday, the major currency pair remains under pressure after the statistics and talks about Trump’s impeachment. 

EURUSD is trying to recover on Thursday, but quite unsuccessfully so far. The current quote for the instrument is 1.0954.

Speculations of the US President Donald Trump’s impeachment ahead that appeared yesterday resulted in the drawdown of all USD-related assets. Needless to say that under such circumstances the USD was doing great. 

Another stressful factor was Trump’s aggressive rhetoric against China because market players really counted on the quick resumption of trade talks between the parties, but it was in vain. 

The statistics published by the USA yesterday were positive and provided additional support to the American currency. The New Home Sales went up to 713K in August after being 666K the month before and against the expected reading of 652K. Investors could have been more restrained in their response to the report, but the components showed that the sales of new single-family houses improved significantly, meaning that the real estate sector was reviving: people have no problems with creditworthiness, loans are available, and the economy is feeling fine. In this light, the USD is doing more than safely and happily. 

Today, one should pay attention to the final report on the US GDP for the second quarter, which is highly expected to remain unchanged at 2%.