US: Housing Price Index rises by 1.6% in June vs. 2.1% expected

  • US FHFA Housing Price Index rose 1.6% in June.
  • US Dollar Index stays in the negative territory around 92.50.

The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1.6% in June following May's increase of 1.8%. This reading fell short of the market expectation of 2.1%.

Meanwhile, theS&P/Case-Shiller Home Price Indices rose to +19.2% on a yearly basis in June from 18% in May, surpassing analysts' estimate of 18%.

Market reaction

This report doesn't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was down 0.23% on a daily basis at 92.48.

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