US: New Home Sales fall by 4.5% in January compared to December's 12.0% surge

  • New Home Sales fell 4.5% in January after December's 12.0% drop. 
  • The US dollar did not react to the latest US data with geopolitics the main focus. 

Following a massive 12.0% MoM surge (which was upwardly revised from a 11.9% gain) in the number of New Home Sales in the past 12-months in December, the 12-month rolling number of New Home Sales was down 4.5% in January, data published by the US Commerce Department showed on Thursday. 

USD/TRY recedes from YTD highs around 14.60, focus on Russia-Ukraine

Sellers remain in control of the sentiment surrounding the Turkish lira and pushed USD/TRY to fresh cycle peaks around 14.60 earlier in the session. U
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Fed's Barkin: Will have to see if Russian incursion changes argument for policy normalisation

Richmond Fed President and FOMC member Thomas Barkin said on Thursday that we will have to see if the Russian invasion of Ukraine changes the argument
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