Currencies tied to commodities also rally after the report with the Canadian Dollar leading. CAD/JPY broke above 84.60 and reached a fresh 1-week high at 84.72.
The number of new home sales in the US rose sharply by 23.6% in June, from a revised downbeat number of 36.7% fall earlier in May. The figure outstripped best expectations, after analysts anticipated a modest 5% increase.
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Monday, July 26, 2010