The U.S. economic data came out in the afternoon yesterday did not provide the necessary support to the US dollar, which can not be said about the speech of US President Donald Trump. The US dollar returned some of the lost positions against the euro and the pound.

According to Case-Shiller, the U.S. national housing price index rose again in February compared to the current 6.3% after rising 6.1% in January compared to the same period last year. The index of housing prices for 10 megacities rose by 6.5%, and for 20 megacities rose by 6.8%.

All of these suggests the demand for housing remains quite high despite high prices and rising interest rates, which indicates a good financial situation for households. It is possible that a rise in the cost of access to credit also affects prices. Economists predicted a slowdown in house prices in February.

In this regard, it is not surprising that sales in the primary housing market in the U.S. increased dramatically in March, which, once again, speaks about the good condition of this market segment.

According to the US Department of Commerce, sales in the primary housing market increased by 0.4% in March compared to the previous month and amounted to 694,000 homes. Economists predicted that sales will amount to 630,000 homes. Let me remind you that the sales growth in February was a record of 3.6%. The high-income growth and the growth of confidence in America have a positive impact on the dynamics of the housing market.

As noted above, the optimism of Americans has grown, which already speaks about the good state of the US economy.

According to the Conference Board report, the leading index of consumer confidence was 128.7 points in April this year against 127 points in March. Economists expected the index in February to be 125.6 points.

The speech of U.S. President Donald Trump provided support to the US dollar during the course of today's Asian session.

Trump reiterated the need to change trade with the EU, as trade barriers and trade deficit are unacceptable for the United States. According to the US President, farmers cannot send their products to the EU as freely as they could.

Trump also touched upon the issue of trade relations with China. In his opinion, China did not open for trading in contrary to the assurances of Chairman Xi Jinping.

In a few days, U.S. Treasury Secretary Mnuchin will meet with Chinese representatives to discuss the issue of the future trade.