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


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. 

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