US: Existing Home Sales decline by 0.9% in May

• Existing Home Sales in US continued to decline in May.
• US Dollar Index holds in the green around 92.00. 

After declining by 2.7% on a monthly basis in April, Existing Home Sales in the US fell by 0.9% to 5.8 million in May, the data published by the National Association of Realtors showed on Thursday. Nevertheless, this reading came in slightly better than the market expectation of 5.72 million.

Market reaction

There was little to no market reaction to this report. As of writing, the US Dollar Index was up 0.15% on a daily basis at 92.00.