In May, pending home sales in the United States increased dramatically.
Around 92.20, the US Dollar Index remains in positive territory.
Pending home sales in the United States increased by 8% on a monthly basis in May, following a 4.4 percent drop in April, according to figures released by the US National Association of Realtors on Wednesday. By a large margin, this reading outperformed analysts’ expectations for a drop of 0.8 percent.
Pending Home Sales were up 13.1 percent on a year-over-year basis, compared to a market expectation of 49.2 percent, according to the report.
The US Dollar Index exhibited no immediate reaction to the news, closing at 92.22, up 0.17 percent on the day.
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