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US property-related data has been uniformly disappointing throughout 2016, so the 16.6% month-on-month increase in new home sales in April was a welcome development. US data alongside ORB’s latest Brexit poll showing the Remain camp pulling further ahead saw the US dollar and the British pound perform the strongest in overnight currency markets. The DXY dollar index gained 0.4% and looks to be steadily closing in on the $96 level. USD strength and RBA governor Glenn Stevens’ reaffirmation of the central bank’s commitment to its inflation targeting framework yesterday saw the Aussie drop 0.6%.