Markets

Dollar adds gains after pending home sales data

Published May 28, 2015 Updated May 28, 2015 02:24pm

1 min

By Imad Uddin

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NEW YORK: The dollar briefly added to earlier gains versus the euro and yen on Thursday as a stronger-than-expected 3.4 percent rise in domestic pending home sales in April supported the view of a spring revival in the housing market.

The dollar reached a session high against the yen at 124.460 yen on the EBS trading platform before subsiding to 124.195, up 0.4 percent from its U.S. close on Wednesday.

The euro fell to a session low at $1.08670. It last traded down 0.05 percent at $1.08990.

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