US March new home sales fall offsets existing home sales rise - ING

Rob Carnell of ING, reviews the US new home sales data release, noting that the below expectation number offsets the bounce from the existing home sales in March, with a probability that abnormal weather was a factor behind this underperformance.
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AUD/USD jumps to test daily PP at 0.7755

The Australian Dollar is trading higher against its American counterpart following weak US economic data. After climbing 35 pips, the AUD/USD is now testing daily PP at 0.7750
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