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EUR/USD Goes Down on Minor Home Sales Decline

March 23, 2010 (Last updated on January 10, 2013) by

The dollar rose against the euro today as the U.S. stock markets went up despite the minor fall in the existing home sales. The Richmond Fed index on the other hand helped the U.S. currency by growing up a little. EUR/USD is now trading near 1.3505.

Existing home sales were reported at a seasonally adjusted annual rate of 5.02 million in February — down from 5.05 in January. The expected value was 5.0 million homes.

Richmond Fed manufacturing index rose from 2 to 6 in March, which is a bit higher than the value of 5 that expected by the markets.

If you have any comments on the recent EUR/USD action, please, reply using the form below.

One Response to “EUR/USD Goes Down on Minor Home Sales Decline”

  1. Chauncey Boeger

    United States pending house sales rose in April 2010 wildly as purchasers signed contracts to get a federal tax credit. The National Association of Realtors’ measure for pending sales of used homesclimbed by 6.0% to 110.9 in April, the industry group said Wednesday. The gain was the third in a row. Economists surveyed by Dow Jones Newswires had expected pending home sales would climb in April by 5.0%. First-time home-buyers acted in time to beat the April 30 deadline for the tax credit. The incentive was an extension of a subsidy originally enacted in February 2009.

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