US: Pending Home Sales decline by 1.9% in June vs. +0.3 expected

Pending Home Sales in US contracted in June.
US Dollar Index stays near 92.00 after the data.

Eren Sengezer FXStreet

Pending Home Sales in the US decreased by 1.9% on a monthly basis in June following May's increase of 8.3%, the data published by the US National Association of Realtors showed on Thursday. This reading came in worse than the market expectation for an expansion of 0.3%.

Further details of the publication showed that, on a yearly basis, the change in Pending Home Sales was -1.9%.

Market reaction

The market reaction to this report was largely muted. As of writing, the US Dollar Index was down 0.28% on the day at 92.01.

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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