US: Housing Price Index edges higher to 1.8% in April

US FHFA Housing Price Index rose 1.8% in April.
US Dollar Index stays in the positive territory above 92.00.

Eren Sengezer FXStreet

The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) rose by 1.8% on a monthly basis in April following March's increase of 1.6%.

Meanwhile, the annual S&P/Case-Shiller Home Price Indices arrived at 14.9% in February and surpassed the market expectation of 14.5%.

Market reaction

These data don't seem to be having a noticeable impact on the USD's performance against its rivals. As of writing, the US Dollar Index was up 0.31% on the day at 92.17.

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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