- Pending Home Sales in the US increased unexpectedly in February.
- US Dollar Index clings to modest recovery gains slightly above 102.50.
Pending Home Sales in the US rose by 0.8% on a monthly basis in February, the data published by the National Association of Realtors showed on Wednesday. This reading followed January's increase of 8.1% and came in better than the market expectation for a decrease of 0.8%.
On a yearly basis, Pending Home Sales declined by 21.1%, compared to analysts' estimate for a decline of 29.4%.
Market reaction
The US Dollar Index showed no immediate reaction to these data and was last seen trading modestly higher on the day at 102.60.
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