US: Pending Home Sales rises by 7.5% in October versus expected 1.0% rise

Joel Frank Independent Analyst

Pending Home Sales in the US jumped by 7.5% on a monthly basis in October following September's 2.3% drop, data published by the US National Association of Realtors showed on Monday. That saw the Pending Home Sales index jump to 125.2 in October from 116.5 in September.

On a YoY basis, sales were down 1.4% in October, given the Pending Home Sales index in October 2020 scored 127.0.

Market Reaction

The US dollar has not reacted to the latest US housing numbers. The DXY continues to nudge higher as traders continue to unwind last Friday's steep drop. At present, the index is trading just under 96.40.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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