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Day: August 17, 2021

Homebuilder sentiment falls to lowest level in over a year as buyers face sticker shock

The price of lumber has fallen sharply in the last few months, but apparently that has not been enough to take the pressure off homebuilders. Sentiment among single-family homebuilders dropped 5 points to 75 in August on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything above 50 is considered positive, …

Homebuilder sentiment falls to lowest level in over a year as buyers face sticker shockRead More

Retail sales drop worse-than-expected 1.1% in July as rising Covid fears hit consumers

Shoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up. Retail sales for the month fell 1.1%, worse than the Dow Jones estimate of a 0.3% decline and below the upwardly revised 0.7% increase in June. …

Retail sales drop worse-than-expected 1.1% in July as rising Covid fears hit consumersRead More

Risk-Off Sentiment Supports Swiss Franc, Yen and Dollar

Souring risk sentiment continues to support Swiss Franc and Yen today, while Dollar is also trying to catch up. Commodity currencies are still the weakest ones. In particular, New Zealand Dollar tumbles on talks that RBNZ could refrain from delivering the highly anticipated rate hike tomorrow, as the country returned to pandemic lockdown. Fresh selling …

Risk-Off Sentiment Supports Swiss Franc, Yen and DollarRead More