Investing.com - U.S. new home sales rose more-than-expected in November, hitting a four-month high, official data showed on Wednesday.
In a report, the U.S. Census Bureau said new home sales rose by 25.4% to a seasonally adjusted 444,000 units in November, beating expectations for an increase to 428,000.
New home sales for October rose by 354,000 units.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.28% to trade at 1.3552.
Meanwhile, U.S. stock markets remained lower. The Dow Jones Industrial Average fell 0.15%, the S&P 500 index declined 0.1%, while the Nasdaq Composite index dipped 0.05%.
In a report, the U.S. Census Bureau said new home sales rose by 25.4% to a seasonally adjusted 444,000 units in November, beating expectations for an increase to 428,000.
New home sales for October rose by 354,000 units.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.28% to trade at 1.3552.
Meanwhile, U.S. stock markets remained lower. The Dow Jones Industrial Average fell 0.15%, the S&P 500 index declined 0.1%, while the Nasdaq Composite index dipped 0.05%.