US: Pending Home Sales decline by 1% in July vs. -4% expected
|- Pending Home Sales in the US continued to fall in July.
- US Dollar Index clings to strong daily gains near 109.00.
Pending Home Sales in the US declined by 1% on a monthly basis in July, the data published by the National Association of Realtors showed on Wednesday. This reading followed June's decrease of 8.9% and came in better than the market expectation for a contraction of 4%.
On a yearly basis, Pending Home Sales decreased by 19.9% in July.
Market reaction
The US Dollar Index edged slightly higher with the immediate reaction to this report and was last seen rising 0.5% on a daily basis at 109.05.
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