Forexpros – U.S. existing home sales fell unexpectedly in June, underlining 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 5.4% to a seasonally adjusted 4.37 million units in June, defying expectations for a modest increase to 4.63 million units.
Existing home sales in May totaled 4.62 million units, upwardly revised from a previously reported 4.55 million units.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.42% to trade at 1.2233.
Meanwhile, U.S. equity markets came off their highs. The Dow Jones Industrial Average eased up 0.1%, the S&P 500 index added 0.15%, while the Nasdaq Composite index jumped 0.8%.
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