US MBA mortgage report now out 1 Feb
- 30 year mortgage rate up 4bps to 4.39%
- refinancing index 1248.4 vs 1265.6 prev
- mortgage applications -3.2% vs +4.0% prev
- mortgage purchase index 229.6 vs 243.2
A soggy report but not an immediate price changer. Food for FOMC thought though.
USD generally still softer but finding a buyers as I type. GBPUSD running into offers around 1.2650 after a decent GBP/JPY-led rally.
AUDUSD had a look at 0.7600 but failed to break through while USDJPY has found support around 113.20.
