EUR/USD was trading sideways till 11:30 GMT and than sharply fell. The decline continues as of now. US existing home sales rose last month, while manufacturing slowed its growth, but continued to expand.
Existing home sales increased to the seasonally adjusted annual rate of 4.62 million in April from the downwardly revised 4.47 million in March, matching forecasts exactly. (Event A on the chart.)
Richmond Fed manufacturing index slipped to 4 in May from 14 in April. Just a small decrease to 12 was expected. On a positive side, the figure is above 0, meaning it indicates expansion, and manufacturers remain optimistic. (Event A on the chart.)
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