A surprise for economists was today’s reading of pending home sales in U.S. As National Association of Realtors informed today in its report index fell by seasonally adjusted 5.5%, despite expectations for no change. Previous month data was revised today to 3.8% growth. As for yearly data pending home sales increased by 14.7% from April 2011, but still below 22.0% forecasted. Euro remained lower against USD after report release. The couple reached 1.2424 in afternoon trade.
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