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Aug 25, 2025
Will the housing market continue to improve?
The dollar awaits July figures
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Markets are awaiting the release of new home sales data in the United States today at 6:00 PM UAE time (17:00 GMT), an important indicator of the strength of demand in the real estate sector. Sales are expected to reach 635,000 units, up from the previous reading of 627,000 in June. These figures may reflect a slight improvement in the housing market, supporting the performance of the US economy and the dollar in general. |
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If the reading comes in above expectations, the US dollar could continue to gain against other currencies. However, if expectations disappoint and the number comes in below 635K, the dollar could see some weakness.
It's worth noting that existing home sales recently recorded an unexpected increase, which could provide a positive boost to market sentiment if the result is repeated in today's new home data.