US Pending Home Sales: -1.3% (MoM); 10.95% (YoY)

Aug 28, 2013

EUR/USD slumps toward 1.3300

The EUR/USD took an ugly turnaround and slumped right before the release of US pending home sales data as wild moves continue in the wake of escalating tensions in Syria.

US: Pending home sales fall 1.3% in July

US pending home sales fell 1.3% in July, the second consecutive decline, but still the strongest reading since April 2010 (except for the prior two months).