US dollar falls against the euro in the 1.23 price area, after released data showed sales of new US homes fell in 32% in May and got to new low of 50 years. The Commerce Department showed the annual sales of new US homes – only 300,000 the lowest rate since 1963. The house selling market is very brutal to builders, with a record high time of selling a home.
The Federal Open Market Committee (FOMC) of the America’s Central Bank voted for maintaining its federal funds rate at a record low of 0pc-0.2, for extended period. That decision spread a cautious tone on the US economy. The committee also warned Europe’s debt crisis had tightened the financial condition. “Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad”, said the committee.

The disappointing data about the falling US equities brought investors to abstain risks, turning to the USD and Yen, moving away from the euro. US dollar and Yen considered being safer currencies to hold, rather than the risky Euro.

Against the yen, USD hitting lows to 89.83 Yen, down 0.8 percent from May 27th.

The euro finished at 110.25 Yen, after already been 109.9 not long ago – the lowest price in two weeks.