US Existing Home Sales rise 0.8% in November

• Existing Home Sales in the US recovered in November.
• US Dollar Index stays modestly higher around 102.20.

Existing Home Sales in the US increased 0.8% in October to a seasonally adjusted annual rate of 3.82 million, better than the 3.77 million of market consensus. 

Market reaction

After trimming daily gains during the last two hours, the US Dollar Index (DXY) is hovering around 102.20 modestly higher for the day. US Treasury yields remain at monthly lows, with the 10-year under 3.90%.