A few rare rays of sunshine in the housing market as existing home sales rose 6.5% in December to an annual rate of 4.74 mln units. Inventory fell to a 9 odd month rate from over 11 months of supply.
Also crossing the tape was a rise in leading economic indicators. Leaders rose 0.3% versus a forecast for a 0.3% decline.
The buck continues to sell off as US equities rebound from support in the 800 area in the S&P. We now trade at 848.
EUR/USD has broken the 61.8% rertracement of the decline from 1.3380, reaching 1.3180 after the data.
