- US pending home sales increased modestly in May.
- The US Dollar Index remains in negative territory below 104.00.
Monthly data published by the National Association of Realtors showed on Monday that Pending Home Sales increased 0.7% on a monthly basis in May after April’s decline of 4%. This data was better than the market expectation of a contraction of 3.7%.
Despite this monthly increase, pending home sales decreased by 13.6% in annual terms.
market reaction
These figures do not seem to have a notable impact on the behavior of the dollar against its rivals. At the time of writing, the dollar index was down 0.2% on the day, trading at 103.90. For its part, the Dow Jones Industrial Average and the S&P 500 remained stable.
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.
