US: New Home Sales rise by 1.1% in February vs. 1.6% expected

• New Home Sales in the US rose at a softer pace than expected in February.
• US Dollar Index stays in negative territory but holds above 102.00.

Sales of new single‐family houses rose by 1.1% in February to a seasonally adjusted annual rate of 640,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Thursday.

This reading followed January's growth of 1.8% came in weaker than the market expectation for an increase of 1.6%.

Market reaction

This data failed to trigger a noticeable market reaction and the US Dollar Index was last seen losing 0.3% on the day at 102.22.