US: Housing Price Index declines 0.1% in December vs. +0.8% expected
|- House prices in the US declined modestly in November.
- US Dollar Index continues to stretch lower toward 102.00.
House prices in the US declined by 0.1% on a monthly basis in November, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday. This reading came in below the market expectation for an increase of 0.8%.
Meanwhile, the S&P/Case-Shiller Home Price Index arrived at 6.8% on a yearly basis in November, down from 8.7% in October.
Market reaction
US Dollar Index stays under modest bearish pressure after this data and was last seen posting small daily losses at 102.19.
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