- US existing home sales continued to decline in October.
- The DXY Dollar Index remains in negative territory below 103.40.
US existing home sales fell 4.1% in October to a seasonally adjusted annual rate of 3.79 million, below the market consensus of 3.9 million.
“The median sales price of existing homes rose 3.4% from a year ago to $391,800, marking the fourth consecutive month of year-over-year price increases,” the report states.
The inventory of unsold existing homes rose 1.8% from September to 1.15 million in October, “or the equivalent of 3.6 months of supply at the current pace of monthly sales.”
Market Reaction
The DXY Dollar Index falls for the third consecutive day and trades below 103.40, its lowest level since August.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
