US: MBA Mortgage Applications fell 4.0%

FXstreet.com (Edinburgh) - The Mortgage Bankers Association has informed that US citizens that applied for mortgage loans dropped 4.0% in the week ended on July 5th, bettering the previous contraction of 11.7%.

Jul 10, 2013

US MBA Mortgage Applications: -4% in July 5 from -11.7%

Session Recap: USD softer ahead of FOMC minutes

Consolidation remains the order of the day. The USD has, however, retreated against major currencies on Wednesday, as investors awaited FOMC minutes and a speech from Bernanke for further insight on whether the Fed will pull back on bond purchases.