- US pending home sales fell at a stronger-than-expected pace in September.
- The Dollar Index is trading below 111.00 after the previous rally.
Pending US home sales fell 10.2% on a monthly basis in September, according to data released by the National Association of Realtors on Friday. This reading followed August’s 1.9% decline and was much worse than the market’s expectation of a 5% contraction.
In annual terms, pending home sales plunged 31%, compared to analysts’ estimate of a 10.5% decline.
market reaction
The dollar remains under modest downward pressure following this data, with the Dollar Index last trading virtually unchanged on the day at 110.62.
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
