- New Home Sales in the US increase at a much stronger pace than expected in March.
- US Dollar Index extends its rebound toward 102.00.
Sales of new single‐family houses rose by 9.6% in March to a seasonally adjusted annual rate of 683,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Tuesday.
This reading followed February’s decline of 3.9% came in much better than the market expectation for an increase of 1.1%.
Market reaction
The US Dollar continues to gather strength in the American session and the US Dollar Index was last seen rising 0.5% on the day at 101.85.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: https://www.fxstreet.com/news/us-new-home-sales-rise-by-96-in-march-vs-11-expected-202304251423
- 000
- 1
- 102
- 9
- a
- Adjusted
- American
- an
- and
- annual
- At
- Better
- Bureau
- by
- Census
- Census Bureau
- continues
- data
- day
- Decline
- Department
- Development
- Dollar
- expectation
- expected
- February
- followed
- For
- Home
- houses
- housing
- HTTPS
- in
- Increase
- ITS
- jpg
- Last
- March
- Market
- New
- of
- on
- Pace
- plato
- Plato Data Intelligence
- PlatoData
- published
- Rate
- Reading
- rebound
- Rise
- rising
- ROSE
- s
- sales
- seen
- session
- strength
- stronger
- than
- The
- to
- toward
- Tuesday
- urban
- us
- US Census
- US Dollar
- vs
- was
- zephyrnet
More from FX Street
US Dollar DXY falls below the 20-day SMA, eyes on GDP and Core PCE next week
Source Node: 2948127
Time Stamp: Oct 21, 2023
Another positive week for stocks but CAC 40 and FTSE 100 shine
Source Node: 3086005
Time Stamp: Jan 26, 2024
NZD/USD sets a new low for 2023 of 0.5772 before seeing a soft rebound
Source Node: 2956675
Time Stamp: Oct 26, 2023
Gold Price Forecast: XAU/USD tumbles on central bank hikes, strong US NFP report
Source Node: 2634842
Time Stamp: May 7, 2023
AUD/USD hovers around 0.6700 ahead of the Australian Mid-Year Economic and Fiscal Outlook
Source Node: 3021547
Time Stamp: Dec 17, 2023
US Dollar trapped between technical levels with Michigan unable to move the needle for the Greenback
Source Node: 3071241
Time Stamp: Jan 19, 2024
Gold Price Forecast: XAU/USD buyers positioned for a test of $1,950
Source Node: 1910178
Time Stamp: Jan 20, 2023
Powell speech: Overall data on labor market shows it is extremely tight
Source Node: 1997287
Time Stamp: Mar 7, 2023
Pound Sterling weakens as stable US inflation dampens market mood
Source Node: 2931022
Time Stamp: Oct 12, 2023