EUR/USD: Positive forecast for the April Existing Home Sales in USA

on May 22, 2013

Based on last month’s gain in newly issued building permits for residential construction, analysts are seeing improvement on the home market and suggest an increase in the US Existing Home Sales. Experts are forecasting climb to 4.99 million, the highest in 3 years, since November 2009. In March figures showed 4.92 million homes sold.

As the housing market is considered as a sensitive factor to the US economy, such a change is to support the USD.
**Home sales to be published at 14:00 GMT**

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