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BREAKING: USD muted after new home sales data

3:01 PM 25 March 2024

US new home sales data for February was released today at 2:30 pm GMT. Report was expected to show an increase from 661k units in January to 675k units now, marking a 2.1% MoM increase.

Actual report turned out to be a  negative surprise with new home sales coming in at just 661k. The release was largely overlooked by the markets as this data is of second importance. USD ticked lower although the move was barely noticeable. EURUSD continues to trade near 1.0835 mark.

Source: xStation5

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