A slight disappointment: US pending home sales rose 0.3% in September, less than expected. The number is for September.
The dollar is marginally lower in the immediate aftermath.
US pending home sales were expected to rise by 1.1% in September after a slide of 1% in October (before revisions).
Before the publication, EUR/UDS traded around 1.2680, GBP/USD around 1.6110 and USD/JPY around 107.80.
Last week’s existing home sales came out above expectations, while new home sales were within estimations. However, revisions to previous figures of new home sales were to downside and hurt the greenback.
Earlier, Markit’s preliminary services PMI hit 57.3 points, a bit below 58 points expected. It stood on 58.9 points last time This puts the composite flash at 57.4 points. Final data is expected next week. The ISM Non-Manufacturing PMI carries more weight in measuring the health of the services sector.
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