Existing Home Sales decline by 7.7% in November

THE Existing Home Sales Index in the US fell sharply in November. US Dollar Index is still clinging to small daily gains slightly above 104.00.

Existing Home Sales in the US declined by 7.7% in November to a seasonally adjusted annual rate of 4.09 million, the National Association of Realtors reported on Wednesday. This reading came in much worse than the market expectation for a no-change.

The median existing-home sales price rose to $370,700, an increase of 3.5% from one year ago,” the NAR further noted in its publication.

This report doesn’t seem to be having a significant impact on the US Dollar’s performance against its major rivals. As of writing, the US Dollar Index was up 0.15% on the day at 104.12.