The sales of existing homes in the US climbed in October by 1.4% and reached a pace of 4.97 million units. This is above last month’s figure of 4.9 million, and better than 4.82 million that was expected.
While this isn’t a big upside surprise, this indicator shows that the US continues growing. The figure joins other positive ones seen lately in the US, with retail sales and the decline in weekly jobless claims being the most encouraging ones.
Currencies aren’t significantly affected by this indicator: it’s a small surprise and more importantly, the market is focused on Europe.
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