- US Housing Price Index rises 0.8% in July vs. 0.5% expected
Market news
26 September 2023
US Housing Price Index rises 0.8% in July vs. 0.5% expected
- House prices in the US continued to rise in July.
- US Dollar Index consolidates gains slightly below 106.00.
House prices in the US rose by 0.8% on a monthly basis in July, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday. This reading followed the 0.4% increase recorded in June and came in higher than the market expectation for a 0.5% growth.
Meanwhile, the S&P/Case-Shiller Home Price Index arrived at 0.1% on a yearly basis in July, up from -2.2% in June.
Market reaction
The US Dollar Index showed no immediate reaction to these data and was last seen trading flat on the day at 105.95.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page