Sales of new homes in the U.S. in June rose by the biggest amount since November 2008, climbing by 11% to a seasonally adjusted annual rate of 384,000, the Commerce Department reported today.
The data was released at 2:00 pm GMT when the price of EUR/USD was trading at the price of about 1.4260. Short after the announcement the USD gained profit and the currency pair EUR/USD downtrend to the price of 1.4420 at 2:45 pm GMT. (profit of 40 pips)
