FXstreet.com (Barcelona) - The Dollar has ticked down against its main rivals following horrible US housing data, and weak inflation figures which reactivated concerns about the strength of recovery in the world's largest economy.
USD/JPY has pulled back from levels right below day highs at 83.50 to hit a fresh session low at 83.23. EUR/USD has risen about 40 pips following US data, bouncing from 1.3470 to reach 1.3510, and the GBP/USD has jumped from 1.5865 area to 1.5915.
US housing starts have plummeted 11.7% in October to an annual rate of 519.000 units, the lowest levels since April last year, while Consumer Prices have risen a mere 0.2% on the month, and 1.2% year on year, pushed by food and energy prices, as the core CPI remained unchanged on the month, and 0.6% above October last year.
