Investing.com - U.S. new home sales fell unexpectedly in October, while the previous month’s figure was revised down sharply, official data showed on Wednesday.
In a report, the U.S. Census Bureau said new home sales fell by 0.3% to a seasonally adjusted 368,000 units in October, confounding expectations for an increase to 390,000.
New home sales for September were revised down to 369,000 units from a previously reported 389,000.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD dipping 0.45% to trade at 1.2885.
Meanwhile, U.S. equity markets were down after the open. The Dow Jones Industrial Average fell 0.85%, the S&P 500 index 1%, while the Nasdaq Composite index declined 1%.
In a report, the U.S. Census Bureau said new home sales fell by 0.3% to a seasonally adjusted 368,000 units in October, confounding expectations for an increase to 390,000.
New home sales for September were revised down to 369,000 units from a previously reported 389,000.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD dipping 0.45% to trade at 1.2885.
Meanwhile, U.S. equity markets were down after the open. The Dow Jones Industrial Average fell 0.85%, the S&P 500 index 1%, while the Nasdaq Composite index declined 1%.