Home Sales Optimism Sets Greenback to Record High

The U.S. currency touched a three-month high versus the European common currency as another favorable report, this time in the real estate sector, attracted more investment towards the recovering North American currency.

The dollar gained the most versus the euro and the pound as an existing home sales report beat estimates touching 6.54 million units, an advance from the previous month reading and another evidence that the pace of recovering in the U.S. is accelerating.

EUR/USD traded at 1.4254 as of 20:28 GMT from a previous reading of 1.4296 yesterday.

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