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U.S. new home sales rise 4.3% in November

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Investing.com -

Investing.com - U.S. new home sales rose more than expected in November, but the preceding month's figure was revised down, official data showed on Wednesday.

In a report, the U.S. Commerce Department said new home sales rose by 4.3% to a seasonally adjusted 490,000 units last month, compared to expectations for a gain of 2.0% to 505,000.

New home sales in October were revised down to 470,000 units from a previously reported 495,000 units.

EUR/USD was trading at 1.0911 from around 1.0909 ahead of the release of the data, GBP/USD was at 1.4877 from 1.4876 earlier, while USD/JPY was at 120.89 from 120.92 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 98.42, compared to 98.44 ahead of the report.

Meanwhile, U.S. stock markets were higher after the open. The Dow 30 rose 0.65%, the S&P 500 tacked on 0.7%, while the Nasdaq Composite inched up 0.6%.

Elsewhere, in the commodities market, gold futures traded at $1,068.60 a troy ounce, compared to $1,069.10 ahead of the data, while crude oil traded at $37.08 a barrel from $37.00 earlier.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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