FXstreet.com (Barcelona) - U.S. Existing home sales have increased 7.2% in July to an annual rate of 5.24 millions of units, beating experts expectations of a 2.3% increase. The Dollar has declined to week lows against a basket of currencies, including Euro and Pound.

EUR/USD rally from 1.4210 low ahead of the European session opening has broken above 1.4350 after housing data was released, reaching a fresh 2-weeks high at 1.4376.

GBP/USD has flown from levels around 1.6560 before housing data was released, to reach a fresh week high at 1.6625 to pullback later to levels around 1.6600.

USD/JPY has bounced strongly from 93.40, 3-weeks low to reach 94.05 intra-day resistance minutes after housing data was released.