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US Existing Home Sales Fall More Than Expected in March, Dollar’s Decline, Global Growth Expected To Sputter Amid Trade War Fallout Fears

Martin Eiden | April 26, 2025

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New and Noteworthy

US Existing Home Sales Fall More Than Expected in March

U.S. existing home sales fell more than expected in March, weighed down by higher borrowing costs, and further weakness is likely as growing concerns of an economic slowdown because of tariffs sap demand. Home sales dropped 5.9% last month to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said on Thursday. (Full Story)

Dollar’s Decline

Amid elevated trade tensions, the U.S. dollar’s status as the world’s chief reserve currency came under renewed pressure. Its value relative to a basket of other major currencies fell for the sixth week out of the past seven, and the dollar slipped on Thursday to a three-year low, more than 8% below its year-end 2024 level. (Read Full)

Global Growth Expected To Sputter Amid Trade War Fallout Fears

The International Monetary Fund expects slower growth and higher inflation in the U.S. as a result of President Trump’s trade policies. President Trump’s trade war is expected to slow economic growth across the globe this year, in large part because his aggressive use of tariffs is likely to weigh heavily on the United States, the world’s largest economy. (Full News)

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