US: Housing Price Index rises by 1% in August vs. 1.3% expected
|- US FHFA Housing Price Index rose less than expected in August.
- US Dollar Index continues to move sideways below 94.00.
The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1% in August following July's increase of 1.4%. This reading fell short of the market expectation of 1.3%.
Meanwhile, the S&P/Case-Shiller Home Price Indices edged lower to +19.7% on a yearly basis in August from 20%, missing analysts' estimate of 20.1%.
Market reaction
These figures don't seem to be having a significant impact on the dollar's performance against its rivals. As of writing, the US Dollar Index was virtually unchanged on the day at 93.80.
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