Euro edged higher on ECB official's comments

Note: This section contains information in English only.
Source: Marketwatch

The single currency pushed higher versus the greenback after ECB policy maker showed the positive sight of Eurozone's permanent rescue fund application for a banking license. Soon after the announcement, the Euro jumped 0.54 per cent to $1.2131, compared to yesterday's $1.2066. The ICE dollar index erased 0.36 per cent to 83.718, while more advanced WSJ Dollar Index declined by 0.24 per cent to 72.57.

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Thu, 26 Jul 2012 06:33:37 GMT

U.S. new-home sales drop

U.S. new-home sales declined in June following a jump to two-year high in May, indicating uneven housing recovery. Purchases drop 8.4% from the prior month to a 350,000 annual rate, the Commerce Department reported. Slow progress in labour market as well as lack of inventory is depressing purchases even though mortgage rates and prices remain attractive.    

Thu, 26 Jul 2012 16:34:39 GMT

U.S. new home sales tumbled in June

As reported by the Commerce Department, the number of sold new single-family homes in the U.S. declined dramatically in June. Sales dropped to the five-month low, with 8.4 per cent decline to 350,000-unit annual rate. The decline was provoked by a 60 per cent fall in the Northeast and an 8.6 per cent drop in the South, while sales in the West and Midwest jumped

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