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.

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.