Pending home sales in U.S. down…

Wednesday, 30 May 2012 05:15

A surprise for economists was today’s reading of pending home sales in U.S. As National Association of Realtors informed today in its report index fell by seasonally adjusted 5.5%, despite expectations for no change.
Previous month data was revised today to 3.8% growth.
As for yearly data pending home sales increased by 14.7% from April 2011, but still below 22.0% forecasted.
Euro remained lower against USD after report release. The couple reached 1.2424 in afternoon trade.