- Pending Home Sales in the US rose sharply in May.
- US Dollar Index stays in the positive territory around 92.20.
Pending Home Sales in the US rose by 8% on a monthly basis in May following April's contraction of 4.4%, the data published by the US National Association of Realtors showed on Wednesday. This reading beat analysts' estimate for a decrease of 0.8% by a wide margin.
Further details of the publication revealed that Pending Home Sales were up 13.1% on a yearly basis, compared to the market expectation of 49.2%.
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen gaining 0.17% on the day at 92.22.
