Investing.com - U.S. new home sales rose unexpectedly in April, easing concerns over the U.S. economic outlook, official data showed on Thursday.
In a report, the U.S. Census Bureau said new home sales rose by 2.3% to a seasonally adjusted 454,000 units in April, defying expectations for a decline to 425,000.
New home sales for March were revised up to 444,000 units from a previously reported increase of 417,000 units.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.36% to trade at 1.2906.
Meanwhile, U.S. equity markets were lower after the open. The Dow Jones Industrial Average fell 0.7%, the S&P 500 index dropped 1%, while the Nasdaq Composite index fell 0.7%.
In a report, the U.S. Census Bureau said new home sales rose by 2.3% to a seasonally adjusted 454,000 units in April, defying expectations for a decline to 425,000.
New home sales for March were revised up to 444,000 units from a previously reported increase of 417,000 units.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.36% to trade at 1.2906.
Meanwhile, U.S. equity markets were lower after the open. The Dow Jones Industrial Average fell 0.7%, the S&P 500 index dropped 1%, while the Nasdaq Composite index fell 0.7%.