US prices rises come in within expectations, at 12.86%. The Case Shiller Home Prices Index was expected to show a 13% year over year rise in February after a 13.2% level in January (before revisions).
The US dollar was stronger towards the release, with EUR/USD hit by weak German inflation, USD/JPY rising to the range high of 102.74 and GBP/USD still digesting the weaker than predicted GDP numbers.
Earlier this week, pending home sales exceeded expectations with a rise of 3.4%. Last week’s new home sales indicator badly disappointed.
Up next is the Conference Board’s Consumer Confidence figure for April, which is predicted to rise from 82.3 to 83 points.Get the 5 most predictable currency pairs