- Existing home sales in the US fell sharply in November.
- The Dollar Index is holding on to small daily gains slightly above 104.00.
The US existing home sales fell 7.7% in November, up to a seasonally adjusted annual rate of 4.09 million, reported Wednesday the National Association of Realtors (NAR). The result was much worse than expected by the market, which expected no change.
After falling 5.9% in October, the indicator registers its biggest drop in nine monthsspecifically since February.
“The median sales price of existing homes rose to $370,700, up 3.5% from a year ago,” the NAR noted in its publication.
market reaction
This report does not seem to have a significant impact on the evolution of the dollar against its main rivals. As of this writing, the Dollar Index is up 0.15% on the day, sitting at 104.12.
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.
