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U.S. existing home sales rose significantly
U.S. existing home sales
The greenback rebounded
against the Euro and other major currencies,
after the release of positive data
form the U.S economy concerning the housing sector. In fact, the existing home
sales in US rose by 2.4 % to reach 5.17 million in September.
The recent data
reflects that the housing market is improving. As a result most of the U.S
stocks extended gains like: the Dow Jones industrial index.
On the other hand, the
investors are waiting when the Fed will raise its interest rates, which will
affect the mortgage rates.