- Pending US home sales fell sharply in June.
- The dollar index remains stable around 107.00.
Monthly data published by the National Association of Agents real estate showed on Wednesday that pending home sales decreased by 8.6% in monthly terms in June, after growing 0.4% in May. This data was much worse than the market expectation of a 2% decline.
On a yearly basis, pending home sales fell 20%, versus analysts’ estimate of -7.3%.
market reaction
Pending policy announcements from the Federal Reserve, this data did not provoke a noticeable reaction from the market. At the time of writing, the dollar index was posting modest daily losses, trading at 107.05.
Source: Fx Street
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