• Existing Home Sales in the US continued to decline in July.
• US Dollar Index stays in positive territory above 103.50.

Existing Home Sales in the US declined 2.2% in July to an adjusted annual rate of 4.07 million, the National Association of Realtors (NAR) reported on Tuesday. This reading followed the 3.3% decrease recorded in June.

"The median existing-home sales price rose 1.9% from one year ago to $406,700. It was the fourth time the monthly median sales price eclipsed $400,000, joining June 2023 ($410,000), June 2022 ($413,800) and May 2022 ($408,600)," the NAR noted in its press release. "The inventory of unsold existing homes increased 3.7% from the previous month to 1.11 million at the end of July, or the equivalent of 3.3 months’ supply at the current monthly sales pace