Investing.com - Pending home sales in the U.S. rose more-than-expected in March, industry data showed on Monday.
In a report, the National Association of Realtors said its pending home sales index rose by 1.5% in March, beating expectations for a 1% gain.
Pending home sales in February were revised to a 1% drop from a previously reported 0.4% decline.
Year-on-year, pending home sales rose at annualized rate of 5.8% last month, below expectations for an 6.1% increase, after rising 5% in February.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.42% to trade at 1.3085.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Industrial Average rose 0.2%, the S&P 500 index advanced 0.3%, while the Nasdaq Composite index climbed 0.6%.
In a report, the National Association of Realtors said its pending home sales index rose by 1.5% in March, beating expectations for a 1% gain.
Pending home sales in February were revised to a 1% drop from a previously reported 0.4% decline.
Year-on-year, pending home sales rose at annualized rate of 5.8% last month, below expectations for an 6.1% increase, after rising 5% in February.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.42% to trade at 1.3085.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Industrial Average rose 0.2%, the S&P 500 index advanced 0.3%, while the Nasdaq Composite index climbed 0.6%.