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Strong US housing figures continue

US new home sales again beat expectations to post a 2.3% gain in April, beating forecasts of 1.9%

By Richard Nehme | May 24, 2013 10:25 BST
Euro continues to benefit from weaker USD
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International news

EUR/USD had another volatile day of trading on Thursday, opening at 1.2871 after being as low as 1.2824 in early morning trading on Wednesday. The pair did recover slightly, breaking 1.29 to trade to a day high of 1.2916. We had another round of strong US housing figures released by the States yesterday. US new home sales again beat expectations to post a 2.3% gain in April beating forecasts of 1.9%, the House Price Index gained a further 1.3% also beating forecasts of a only 0.8% gain [...]

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