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US Existing Home Sales fall by 5.4% in June

Mohamed Abdelhamid 20 July, 2022 7:44 pm Forex Market, Market Update

Existing Home Sales in the United States sharply declined for the fifth straight month in June to a seasonally adjusted annual rate of 5.12 million, the National Association of Realtors reported on Wednesday. Sales were down 5.4% and 14.2% on a monthly and yearly basis, respectively.

Details of the report revealed that the median price for Existing Home Sales rose by 13.4% from one year ago to $416,000, marking a new all-time high.

US Dollar Index continues to fluctuate below 107.00. The latest Existing Home Sales reading does not have an immediate impact on the dollar’s performance against its rival currencies. The US Dollar Index has posted small daily gains at 106.80.

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