- Existing Home Sales in US rose more than expected in July.
- US Dollar Index remains on the back foot after this data.
Following an increase of 1.6% in June, Existing Home Sales in the US rose by 2% in July, the data published by the National Association of Realtors showed on Monday. This print came in stronger than the market expectation of 1.3%.
Further details of the publication revealed that the median sales price edged lower to $359,900 from June's record high of $363,000.
Market reaction
Market participants don't seem to be paying much attention to this report. As of writing, the US Dollar Index was down 0.28% on a daily basis at 93.20.
