The number of New Home Sales released by the US Census Bureau is an important measure of housing market conditions. House buyers spend money on furnishing and financing their homes so as a result the demand for goods, services and the employees is stimulated.Ths Dollar Index rose upto 0.42% o tuesday, reaching 3 weeks high after the release of New Home Sales. The new home sales for the month of march rose 4.5% to 0.692M vs 0.650M.It was a good start for the week as U.S dollar index rises 0.43% at 97.91. Data on Monday showed that U.S. existing home sales declined in March as investors look for clues on the state of the economy ahead of Friday’s gross domestic product report.
