The Federal Reserve Chairman Ben Bernanke begins his testimony before the Joint Economic Committee of Congress at 10:00 am ET.
The National Association of Realtors data showed the existing home sales rose 0.6 percent on month in April following a 0.6 percent drop in March. Economists expected existing home sales to rise to 1.4 percent in the month.
The US dollar edged lower against its major counterparts following the data and amid the congressional testimony. As of 10:05 am ET, the greenback was trading at 1.2968 against the euro, 1.5120 against the pound, 0.9703 against the Swiss franc and 102.90 against the yen.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.