US Existing Home Sales rise 0.8% in November
|- Existing Home Sales in the US recovered in November.
- US Dollar Index stays modestly higher around 102.20.
Existing Home Sales in the US rose 0.8% in November to a seasonally adjusted annual rate of 3.82 million, better than the 3.77 million of market consensus. It is the first increase after a five-month drop. Compared to a year ago, sales are down 7.3%.
"The median existing-home sales price rose 4.0% from November 2022 to $387,600 – the fifth consecutive month of year-over-year price increases", the report mentioned.
Market reaction
After trimming daily gains during the last two hours, the US Dollar Index (DXY) is hovering around 102.20 modestly higher for the day. US Treasury yields remain at monthly lows, with the 10-year under 3.90%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.