US: Housing Price Index rose 0.6% in December vs. 0.3% expected

US Housing Price Index rose more than expected in December.
US Dollar Index stays flat on the day near 99.30 after data.

Eren Sengezer FXStreet

The Housing Price Index in December rose 0.6% in December on a monthly basis following November's 0.3% increase, the data published by the US Federal Housing Finance Agency showed on Tuesday. This reading came in higher than the market expectation of +0.3%.

In the meantime, the S&P/Case-Shiller's 20-metro area Home Price Index in December came in at +2.9% on a yearly basis.

USD reaction

The greenback ignored these data and the US Dollar Index continues to fluctuate near 99.30, where it's virtually unchanged on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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