Investing.com - Pending home sales in the U.S. rose more-than-expected in January, industry data showed on Wednesday
In a report, the National Association of Realtors said its pending home sales index rose by 4.5% in January, beating expectations for a 1.5% gain.
Pending home sales in December were revised to a 1.9% drop from a previously reported 4.3% decline.
Year-on-year, pending home sales rose at annualized rate of 10.4% last month, above expectations for an 8.2% increase, after rising 4.7% in December.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.24% to trade at 1.3095.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Industrial Average rose 0.35%, the S&P 500 index advanced 0.35%, while the Nasdaq Composite index climbed 0.3%.
In a report, the National Association of Realtors said its pending home sales index rose by 4.5% in January, beating expectations for a 1.5% gain.
Pending home sales in December were revised to a 1.9% drop from a previously reported 4.3% decline.
Year-on-year, pending home sales rose at annualized rate of 10.4% last month, above expectations for an 8.2% increase, after rising 4.7% in December.
Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD adding 0.24% to trade at 1.3095.
Meanwhile, U.S. equity markets were higher after the open. The Dow Jones Industrial Average rose 0.35%, the S&P 500 index advanced 0.35%, while the Nasdaq Composite index climbed 0.3%.