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Pending Home Sales rose by 0.8% to 104.8 in November. Analysts were anticipating smaller incline by 0.6%. The indicator is now 4.1% above November 2013 (100.7) – the highest year-over-year gain since August 2013.Lawrence Yun, NAR chief economist, said signed contracts inched forward in November and have been fairly stable but haven't broken out even as the economy picked up steam this spring.

"The consistent economic growth and steady hiring we've seen the second half of this year is giving buyers enough assurance to consider purchasing a home before year's end," he said. "With rents now rising at a seven-year high, historically low rates and moderating price growth are likely to entice more buyers to enter the market in upcoming months."

 

Data did not have any major impact on the markets. USD remains broadly stronger against its major rivals. Euro is currently being traded slightly below 1.2130 level, Sterling is few points above 1.5560 area, while Aussie is around 0.8170 level.

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