Search ForexCrunch

Sales of new homes in the US now stand at an annual pace of 417K. They were expected to tick up from 411K (before revisions) to 416K now.

EUR/USD was moving up, breaking back above 1.30 before the publication, after suffering a downfall earlier in the day. USD/JPY also recovered, trading around 99.30.

Existing home sales came out a bit short of expectations, dropping to a pace of 4.92 million. The official House Price Index rose by 0.7%.

The housing sector has been strong in the US in recent months and has led an accelerated recovery. However, recent figures fell short

The Richmond Manufacturing Index was predicted to remain unchanged at 3. It fell to -6 points – quite a disappointment, but this is a low tier indicator.