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The USD rose sharply against major currencies after US new homes sales data came in well above expectations, suggesting that US interest rates could be heading higher.
US new home sales rose by 4.9 pct in April to 1.20 mln units, the highest level so far this year and well above analysts’ expectations for a fall to 1.15 mln, figures showed.
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Posted 
May 25th, 2006 by 
Jon
Posted in Forex News | No Comments »
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