XE Market Analysis: US Existing Home Sales Jump

OVERVIEW US durable goods orders rebounded stronger than forecasted, rising 4.8%. Eurozone business activity grew at the fastest pace this year in November as the purchasing managers indexes came in above forecast. German businesses also performed strongly in November with the service sector PMI hitting a 6-month high of 55.0 alongside robust manufacturing activity. The UK Chancellor announced the first budget since the UK’s vote to leave the EU, cutting growth forecast. South African consumer price inflation rose to 6.4% in October compared to a year previous as food prices continued to soar due to the drought. HIGHLIGHT US existing home sales…

Source: XE news feed
XE Market Analysis: US Existing Home Sales Jump