Initial jobless claims to hit a record high of 2.25 million
Fundamental Forex Analysis

New Home Sales rose by 0.6% in April vs. -21.9% expected

  • New Home Sales in US unexpectedly rose in April. 
  • US Dollar Index stays near daily lows around 99.00 after the data.

New Home Sales in the US increased by 0.6% on a monthly basis to 623,000, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Tuesday.

This reading followed a decline of 13.7% in March and beat the market expectation of -21.9% by a wide margin.

Market reaction

The US Dollar Index, which tracks the greenback’s performance against a basket of six major currencies, ignored this data and was last seen losing 0.75% on the day at 99.05.

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