US: Existing Home Sales decline by 0.4% in August

• Existing Home Sales in the US declined modestly in August. 
• US Dollar Index stays in positive territory above 110.50 after the data.

Existing Home Sales in the US declined for the seventh straight month in August to a seasonally adjusted annual rate of 4.8 million, the National Association of Realtors (NAR) reported on Thursday. Sales were down 0.4% and 19.9% on a monthly and yearly basis, respectively. 

"The median existing-home sales price rose 7.7% from one year ago to $389,500," the NAR further noted in its publication.

Market reaction

These figures don't seem to be having a significant impact on the dollar's performance against its major rivals. As of writing, the US Dollar Index was up 0.5% on the day at 110.75.