Pending Home Sales

The U.S. dollar eased from multi-week highs as traders took profits after a strong rally and weighed mixed U.S. economic signals. Housing data showed pressure from elevated interest rates, while jobless claims pointed to a still-resilient labor market.

GBP/USD climbed to 1.3535, its highest level since May 12, as softer US inflation data weighed on the dollar and supported sterling demand. Traders are watching UK political developments, mixed domestic growth figures and upcoming US retail sales and pending home sales data for the next directional cue.

EUR/USD climbed for a second straight day after weaker US inflation figures pressured the dollar and lifted the pair to 1.1482, its highest level since June 18. Technical traders remain cautious as a bearish flag pattern, resistance near 1.1550, and upcoming US retail sales and pending home sales data shape the next move.