The US Dollar was steadied a little against the yen and the euro in today’s Asian trade as investors waited for the release of US housing data, a key indicator on the state of the US economy.
The National Association of Realtors will release the figures for existing home sales throughout April this afternoon, and many analysts are expecting it will show that the housing sector remains in a slump.
Investors are also wary about taking risks on any of the major currencies because of the three-day weekend in the US and UK, with the financial markets closed on Monday the 26th for a public holiday.