Existing Home Sales in the US fell sharply in November.
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- Existing Home Sales in the US fell sharply in November.
- US Dollar Index clings to small daily gains slightly above 104.00.
Existing Home Sales in the US declined by 7.7% in November to a seasonally adjusted annual rate of 4.09 million, the National Association of Realtors (NAR) reported on Wednesday. This reading came in much worse than the market expectation for a no-change.
“The median existing-home sales price rose to $370,700, an increase of 3.5% from one year ago,” the NAR further noted in its publication.
This report doesn’t seem to be having a significant impact on the US Dollar’s performance against its major rivals. As of writing, the US Dollar Index was up 0.15% on the day at 104.12.
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