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US: NAHB Housing Market Index up to 57 in July

FXstreet.com (Barcelona) - The US NAHB Housing Market Index climbed to 57 in July from 51 in June, according to data released by the National Association of Home Builders. Analysts projected less increase to 52.

Flash: RBA continues tone for AUD -BMO

Stephen Gallo, European Head of Strategy at BMO suspects the bulk of today’s move in the AUD reflects some combination of stretched downside positioning and no explicit hints in the RBA minutes of an intent to cut rates further, rather than any significant change in tone.
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