SINGAPORE – The U.S. dollar was firm in Asia trade on Wednesday following surprisingly strong U.S. housing data, while the yuan and Aussie dollar nursed losses and focus turned to Federal Reserve Chair Jerome Powell's appearance before Congress later in the day. Single family housing starts surged 21.7 percent in May against expectations they'd be more or less flat. Traders discounted it somewhat since the jump wasn't led by a leap in permits, but it still gave the dollar a boost ahead of Powell's testimony.

https://business.inquirer.net/406528/dollar-finds-footing-on-housing-data-as-yuan-falters

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