Forexpros – U.S. existing home sales fell more-than-expected in May, industry data showed on Thursday.
In a report, the National Association of Realtors said that existing home sales fell by 1.5% to a seasonally adjusted 4.55 million units in May, disappointing expectations for a 1.1% decline to 4.57 million units.
Existing home sales in April totaled 4.62 million units.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.78% to trade at 1.2610.
Meanwhile, U.S. equity markets turned lower after the open. The Dow Jones Industrial Average fell 0.2%, the S&P 500 index dipped 0.4%, while the Nasdaq Composite index slumped 0.75%.
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