US New Home Sales rise by 5.8% in November vs. -4.7% expected

The US dollar Index is still trading within its daily range above 104.00. Sales of new single‐family houses rose by 5.8% in November to a seasonally adjusted annual rate of 640,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Friday.

This reading followed October’s increase of 8.2% and came in much better than the market expectation for a contraction of 4.7%.

This data does not seem to be having a significant impact on the US dollar’s performance against its major rival currencies. At the time of writing, the US Dollar Index was virtually unchanged on the day at 104.38.