U.S. existing home sales rose significantly

Oct 21 20014 

 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.

 

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