- New home sales in the United States rose unexpectedly in October.
- The Dollar Index remains in negative territory around 106.50.
New single-family home sales increased 7.5% in Octoberup to a seasonally adjusted annual rate of 632,000, data released jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Wednesday.
This reading followed the 11% contraction in September and was much better than the market expectation of a 3.8% decline.
These data did not help demand for the dollar, which came under strong selling pressure following disappointing PMI numbers. At time of writing, the Dollar Index is down 0.55% on the day, settling at 106.55.
Source: Fx Street