US: Existing Home Sales decline by 5.9% to 4.81 million in July

• Existing Home Sales in US fell for the sixth straight month in July.
• US Dollar Index holds above 107.00 despite the disappointing data.

Existing Home Sales in the US declined for the sixth straight month in July to a seasonally adjusted annual rate of 4.18 million, the National Association of Realtors reported on Thursday. Sales were down 5.9% and 20.2% on a monthly and yearly basis, respectively. 

Further details of the report revealed that the median price for Existing Home Sales rose by 10.8% from one year ago to $403,800, down from $10,000 from last month's record high of $413,800.

Market reaction

With the initial reaction, the US Dollar Index edged slightly lower from the multi-week high it touched at 107.14 earlier in the day.