Investing.com - U.S. new home sales rose much more than expected in December, fuelling optimism over the health of the housing sector, official data showed on Tuesday.
In a report, the U.S. Commerce Department said new home sales climbed by 11.6% to a seasonally adjusted 481,000 units last month, above expectations for 450,000.
New home sales in November were revised down to 431,000 units from a previously reported 438,000 units.
EUR/USD was trading at 1.1363 from around 1.1373 ahead of the release of the data, while GBP/USD was at 1.5176 from 1.5179, while USD/JPY was at 117.58 from 117.41 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 94.36, compared to 94.29 ahead of the report.
Meanwhile, U.S. stock markets were down sharply after the open. The Dow 30 lost 1.7%, the S&P 500 dropped 1.3%, while the Nasdaq 100 slumped 1.65%.
Elsewhere, in the commodities market, gold futures traded at $1,290.80 a troy ounce, compared to $1,291.20 ahead of the data, while crude oil traded at $45.45 a barrel from $45.42 earlier.
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U.S. new home sales rise 11.6% in December to 481,000
Published 01/27/2015, 10:05 AM
U.S. new home sales rise 11.6% in December to 481,000
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