Fx Primus Rebates

US May FHFA house price index +0.2% vs +0.3% expected

May US housing data That’s three straight months near a 0.2% m/m increase near the busiest time of year for home sales. The months immediately prior were much stronger so it’s way too early to call it a trend but home price growth at 3% would raise some questions about the strength of the overall…

Fx Primus Rebates

White House to announce aid package for US farmers

HMMMM. The US enacts tariffs. China stops importing soybeans and other farm products.  The price of soybeans tumble.  Farmers are victims. To counteract the victimization, the White House is to announce an aid package ($12B) to the farmers to offset their losses (they are a Trump base).