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.

Eren Sengezer FXStreet

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.

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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