Existing Home Sales rose less than expected

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Friday, Jan 23 2015

Existing Home Sales rose 2.4% to a seasonally adjusted annual rate of 5.04 million in December from a downwardly-revised 4.92 million in November. Analysts were expecting a rte of 5.08 million. From a year ago, December sales were higher by 3.5% and are now above year-over-year levels for the third straight month.

Separate report on Manufacturing PMI also missed market expectations on an increase to 54.1 and decreased to 53.7 points in January. Slower new business growth was a key factor weighing on the overall performance of the U.S. manufacturing sector in January.

After the data USD eased few points. Euro is currently being traded around 1.1250 area, Sterling is few points above 1.50 handle, while Aussie is around 0.7910 level.

More in this category: « UK Retail Sales increased by 0.4% USD - Major events in the week ahead »

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