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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