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US: New Home Sales rise by 454K in April

FXstreet.com (Barcelona) - Sales of new single-family houses in the US increased by 454K in April, following a 444K rise in March, according to estimates released today by the US Census Bureau. This is more than the expected 425K increase.

This represents 2.3% growth in April, compared with March's 3.5% rise and above projections of +1.9%.

EMU: Flash Consumer Confidence up to -21.9 in May

The European Commission released preliminary Eurozone Consumer Confidence data which points to an increase to -21.9 in May, from -22.3 in April and slightly below expectations of rising to -21.8.
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USD/CHF recovery capped by 0.9700

Even though the latest string of US data came in above expectations, the US dollar failed to gather momentum to stage a significant recovery.
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