business
U.S. dollar gets surprising jolt from housing slump
Key takeaways
- On June 16, the greenback's decline came from a source few had on their radar.
- The dollar index dropped 0.12%, Barchart noted, after the Census Bureau published May housing starts figures that fell well short of forecasts from every major economist.
- That miss landed alongside a nearly 6% drop in crude oil prices to a three-and-a-half-month low, compounding the downward pressure on the currency.
U.S. dollar gets surprising jolt from housing slump Damilola Esebame Thu, June 18, 2026 at 10:47 PM GMT+7 5 min read Currency traders typically scan Federal Reserve signals, trade policy shifts, and geopolitical crises when searching for the next catalyst behind a dollar move. On June 16, the greenback's decline came from a source few had on their radar.
The dollar index dropped 0.12%, Barchart noted, after the Census Bureau published May housing starts figures that fell well short of forecasts from every major economist.
That miss landed alongside a nearly 6% drop in crude oil prices to a three-and-a-half-month low, compounding the downward pressure on the currency.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop