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28 Dec 2023

US Pending Home Sales unchanged in November

  • Pending Home Sales in the US declined 5.2% on a yearly basis in November.
  • US Dollar Index stays in negative territory below 101.00.

Pending Home Sales in the US were unchanged on a monthly basis in November, the National Association of Realtors reported on Thursday. This reading followed a 1.2% decrease recorded in October and came in weaker than the market expectation for an increase of 1%. On a yearly basis, Pending Home Sales fell 5.2%. 

Market reaction

The US Dollar showed no immediate reaction to this data. At the time of press, the US Dollar Index was down 0.12% on a daily basis at 100.82.

Dec 28, 2023

United States Pending Home Sales (YoY) up to -5.2% in November from previous -8.5%

United States Pending Home Sales (YoY) up to -5.2% in November from previous -8.5%
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Dec 28, 2023

International monetary system is best organised around a single reserve currency – Natixis

The Dollar's importance as a reserve currency and as the currency of denomination for trade and financial transactions has not diminished despite the declining importance of the United States in the global economy, analysts at Natixis report.
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