US: Existing Home Sales increase by 2% in July vs. 1.3% expected

• 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.