Investing.com - U.S. new home sales rose broadly in line with market expectations in March, official data showed on Tuesday.
In a report, the U.S. Census Bureau said new home sales rose by 1.5% to a seasonally adjusted 417,000 units in March, compared to expectations for an increase to 420,000.
New home sales for February rose by an unrevised 411,000 units.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.35% to trade at 1.3021.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Industrial Average rose 0.8%, the S&P 500 index advanced 0.7%, while the Nasdaq Composite index added 0.9%.
In a report, the U.S. Census Bureau said new home sales rose by 1.5% to a seasonally adjusted 417,000 units in March, compared to expectations for an increase to 420,000.
New home sales for February rose by an unrevised 411,000 units.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.35% to trade at 1.3021.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Industrial Average rose 0.8%, the S&P 500 index advanced 0.7%, while the Nasdaq Composite index added 0.9%.