The dollar strengthened against major currencies after a report revealed unexpectedly robust housing figures. This data suggests a resilient housing market, which is seen as a key indicator of overall economic health. Investors reacted positively, driving up the dollar’s value as they anticipated further economic growth.

Analysts noted that the housing data exceeded expectations, providing reassurance after recent concerns about a potential slowdown in the real estate sector. The positive figures are expected to influence future monetary policy decisions.