Investing.com - U.S. existing home sales rose significantly more-than-expected in July, fuelling optimism over the U.S. housing sector, industry data showed on Wednesday.
In a report, the National Association of Realtors said that existing home sales surged 6.5% to a seasonally adjusted 5.39 million units in July from June’s revised total of 5.06 million.
Analysts had expected U.S. existing home sales to rise 1.6% to 5.15 million units in July.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.26% to trade at 1.3383.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average lost 0.2%, the S&P 500 index dipped 0.2%, while the Nasdaq Composite index added 0.1%.
In a report, the National Association of Realtors said that existing home sales surged 6.5% to a seasonally adjusted 5.39 million units in July from June’s revised total of 5.06 million.
Analysts had expected U.S. existing home sales to rise 1.6% to 5.15 million units in July.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.26% to trade at 1.3383.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average lost 0.2%, the S&P 500 index dipped 0.2%, while the Nasdaq Composite index added 0.1%.