- New Home Sales in the US declined sharply in September.
- US Dollar Index clings to daily gains near 93.00 after the data.
New Home Sales in the US declined by 3.5% in September to a seasonally adjusted annual rate of 959,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Monday.
This reading followed August's increase of 3% (revised from 4.8%) and came in worse than the market expectation of +2.8%.
"The median sales price of new houses sold in September 2020 was $326,800," the publication further read. "The average sales price was $405,400."
Market participants largely ignored this report and the US Dollar Index was last seen gaining 0.3% on the day at 93.02.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.