- US new home sales rose faster than expected in January.
- The US dollar index is holding on to strong daily gains above 105.00.
Sales of new single-family homes rose 7.2% in January to a seasonally adjusted annual rate of 670,000, data released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development showed on Friday.
The reading followed December’s 7.2% increase (revised from 2.3%) and was well above market expectations of 2.5%.
Market reaction
The US dollar index clinging to strong daily gains above 105.00 after these dates.
