The US Dollar was slighlty higher against the European single currency, following pending sales data on Wednesday. The EUR/USD currency pair fell just 5 base points or 0.04% to reveal delayed, but short-term drop entering the 1.1890 area.
Contracts to purchase previously owned houses increased in November, supported by the job growth in the strengthening US economy. The National Association of Realtors states that pending home sales indicator rose to 109.5 points to show a 0.2% gain for the month. The real estate market restored some momentum after inactivity for much of 2017 due shortage of inventory, which caused an increase in prices, and a lack of both land and labour.
