US new home sales fell 7.3% MoM, missing forecast of 3.2%
US new home sales contracted 7.3% month-over-month, significantly undershooting the 3.2% forecast and worsening from the prior -6.2% decline. This weak housing data signals economic slowdown and reduces Fed rate-hike odds, weighing on USD across major pairs as investors reassess growth and monetary policy expectations.
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