US: Existing Home Sales decline 3.3% in June

Existing Home Sales in the US declined in June following May's modest increase.
US Dollar Index clings to daily recovery gains near 100.50.

Eren Sengezer FXStreet

Existing Home Sales in the US declined 3.3% in June to an adjusted annual rate of 4.16 million, the National Association of Realtors (NAR) reported on Thursday. This reading followed the 0.2% increase recorded in May.

"At $410,200, the median existing-home sales price for June was the second-highest price ever recorded – since January 1999 when NAR began tracking the data – and 0.9% less than the all-time high from one year ago of $413,800," the NAR further noted in its press release.

Market reaction

The US Dollar Index preserves its recovery momentum after this report and was last seen rising 0.23% on the day at 100.51.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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