- House prices in the US rose more than expected in June.
- US Dollar Index continues to inch lower toward 93.00.
The Housing Price Index (HPI) in the US rose 0.9% in June, the Federal Housing Finance Agency’s (FHFA) monthly report showed on Wednesday. This reading followed May’s print of -0.2% (revised from -0.3% and came in higher than the market expectation of 0.1%.
Meanwhile, the S&P/Case-Shiller’s 20-metro area Home Price Index in the US arrived at 3.5% on a yearly basis in June and fell short of analysts’ estimate of 3.8%.
Market reaction
The US Dollar Index edged lower after these data and was last seen losing 0.23% on a daily basis at 93.08.
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