U.S. existing home sales fall 1.2% in June to hit 5.08 million units

 U.S. existing home sales fell unexpectedly in June, fuelling concerns over the U.S. housing sector, industry data showed on Monday.

In a report, the National Association of Realtors said that existing home sales fell 1.2% to a seasonally adjusted 5.08 million units in June from May’s revised total of 5.14 million. 

Analysts had expected U.S. existing home sales to rise 0.6% to 5.25 million units in June.

Following the release of the data, the U.S. dollar added to losses against the euro, with EUR/USD rising 0.5% to trade at 1.3204.

Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average lost 0.1%, the S&P 500 index was flat, while the Nasdaq Composite index added 0.1%.