Better than expected: sales of existing homes rose to an annualized level of 5.35 million in May, above 5.27 million. Last month’s figure was upgraded to 5.09 million from 5.04 originally reported.
This is good news fro the dollar, which is ticking a bit higher on the news against many currencies. However, the beat is not huge, so the market effect could be limited.
Read the rest of the article US Existing home sales rise to 5.35 million – more signs of spring recovery