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U.S. existing home sales drop 1.8% to 5.52 million in June

Published 07/24/2017, 10:02 AM
© Reuters.  U.S. existing home sales drop 1.8% in June
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Investing.com - U.S. existing home sales fell more than expected in June, but remained in territory consistent with a healthy housing market, industry data showed on Monday.

The National Association of Realtors said that existing home sales decreased 1.8% to a seasonally adjusted 5.52 million units last month from 5.62 million in May. Analysts had expected existing home sales to fall 1% to 5.58 million units in June.

USD/JPY was at 110.91 from around 110.94 ahead of the release of the data, EUR/USD was trading at 1.1636 from around 1.1640 earlier, while GBP/USD was at 1.3032 from 1.3030.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 93.83, compared to 93.82 ahead of the report.

Meanwhile, U.S. stock markets were mixed after the open. The Dow 30 shed 0.2%, the S&P 500 ticked down 0.2%, while the Nasdaq Composite advanced 0.1%.

Elsewhere, in the commodities market, gold futures traded at $1,256.02 a troy ounce, compared to $1,256.47 ahead of the data, while crude oil traded at $46.26 a barrel from $46.24 earlier.

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