US Consumer Sentiment revised lower. New Home Sales fall for the 4th month

The University of Michigan's consumer sentiment for the US was revised lower to 80.7 in December from a preliminary of 81.4 and above 76.9 in November.

New home sales in the US decreased to 841k in November, compared to forecasts of 995k. Sales declined for the 4th consecutive month although remain well above the long-term average of 653 thousand supported by record low interest rates and increasing demand from people moving away from big cities due to the coronavirus crisis.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around the 1.2210 level. Source: xStation5

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