by ForexNewsNow Team on September 23rd, 2010

Indicator analysis: U.S. home resales climb in August

Indicator analysis - U.S. existing home salesNEW YORK (Forex News Now) – Sales of existing U.S. homes climbed at a faster rate than expected in August, official data showed on Thursday in one of the day’s major realtime FX news events.

In a crucial report for online FX trading, the National Association of Realtors, a trade group, said sales rose to 4.13 million during the month, up from a revised 3.84 million in July.

Analysts had expected a more modest increase to 4.11 million in August, according to two currency market trading news outlets.

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