US: Housing Price Index rises 1.7% in May vs. 1.8% expected
|- US FHFA Housing Price Index rose 1.7% in May.
- US Dollar Index stays in the negative territory around 92.50.
The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1.7% in May following April's increase of 1.8%. This reading fell short of the market expectation of 1.8%.
Meanwhile, theS&P/Case-Shiller Home Price Indices rose to +17% on a yearly basis in May from 15% in April, surpassing analysts' estimate of 16.4%.
Market reaction
The USD continues to weaken against its rivals after this data and the US Dollar Index was last seen losing 0.13% on a daily basis at 92.49.
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