Dollar Increases as U.S. New Home Sales Rise Most in 14 Years During April

(Bloomberg) -- The dollar rose versus the euro after
a government report showed purchases of new homes in the U.S.
exceeded economists' forecasts during April.

Sales rose 16.2 percent, the most in 14 years, to an annual
pace of 981,000 last month, from a revised 844,000 rate in March,
the Commerce Department said in Washington. Economists surveyed
by Bloomberg News had forecast a gain of 0.2 percent to 860,000.


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