US May existing home sales 4.17M beat 4.07M forecast

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US existing home sales rose 3.2% to 4.17 million units in May, beating the 4.07 million forecast and marking the highest level since December. Median home prices increased 1.3% to $429,300 with housing supply unchanged at 4.5 months. Stronger housing data supports USD as it indicates economic resilience and potential Fed policy implications. The beat reinforces positive US economic momentum that could sustain dollar strength against major currencies.

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