US: Housing Price Index rises 0.2% in January vs. -0.6% expected
- House prices in the US increased marginally in January.
- US Dollar Index stays in negative territory near 102.50.
House prices in the US rose by 0.2% on a monthly basis in January, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday. This reading came in better than the market expectation for a decrease of 0.6%.
Meanwhile, the S&P/Case-Shiller Home Price Index arrived at 2.5% on a yearly basis in January, down from 4.6% in December and in line with the market expectation.
Market reaction
These data don't seem to be having an impact on the US Dollar's performance against its rivals. As of writing, the US Dollar Index was down 0.27% on the day at 102.55.
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.
