Forexpros – U.S. existing home sales declined unexpectedly in March, adding to concerns over the health of the U.S. housing sector, industry data showed on Thursday.
In a report, the National Association of Realtors said that existing home sales fell by 2.6% to a seasonally adjusted 4.48 million units in March, confounding expectations for a modest 0.5% increase to 4.62 million units.
Existing home sales in February were revised up to 4.60 million units from a previously reported 4.59 million.
Following the release of the data, the U.S. dollar was flat against the euro, with EUR/USD easing up 0.02% to trade at 1.3126.
Meanwhile, U.S. equity markets turned lower after the open. The Dow Jones Industrial Average slumped 0.4%, the S&P 500 index fell 0.35%, while the Nasdaq Composite index shed 0.15%.
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