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Surprisingly high increase in pending home sales in U.S.

U.S. pending home sales index climbed up in May…

The National Association of Realtors released today data about sales of pending homes. Index improved unexpectedly by seasonally adjusted 5.9%, which is much higher than 1.2% forecasted.
Comparing with May 2011 15.9% more pending homes were sold last month. As for April index improved by 14.7%.

Euro remained higher against its major counterpart. The couple reached 1.2461 after publishing the report.

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