Friday, May 25, 2007

Dollar Falls Versus Euro as Home Sales Rate in the U.S. Declines in April

(Bloomberg) -- The dollar fell the most in more than
a week versus the euro after a private report showed purchases of
existing homes in the U.S. declined during April compared with
the prior month.

Sales decreased 2.6 percent to an annual pace of 5.99
million last month, from a revised 6.15 million rate in March,
according to the National Association of Realtors.


Read more at Bloomberg Currencies News

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