US: Existing Home Sales rise by 0.6% in January vs. -1.5% expected

• Existing Home Sales in US rose more than expected in January.
• US Dollar Index remains on the back foot after the data.

Existing Home Sales in the United States rose by 0.6% in January, the data published by the National Association of Realtors showed on Friday. This reading came in better than the market expectation for a decline of 1.5% and followed December's increase of 0.9%.

Market reaction

This report doesn't seem to be having a meaningful impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was down 0.28% on the day at 90.35.