Thursday, May 24, 2007

GLOBAL MARKETS-Housing data boosts dollar, hits bonds

(Reuters) - NEW YORK, May 24 - The dollar rose and government
bond prices fell on Thursday after data showed sales of new
U.S. homes climbed at their fastest pace in 14 years, boosting
optimism about future economic growth.




U.S. stocks initially rallied but later shed gains as
losses in technology shares offset the strong housing data.


Read more at Reuters.com Bonds News

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