US: Pending Home Sales Decrease 10.2% in September vs. -5% Expected

  • US pending home sales fell at a stronger-than-expected pace in September.
  • The Dollar Index is trading below 111.00 after the previous rally.

Pending US home sales fell 10.2% on a monthly basis in September, according to data released by the National Association of Realtors on Friday. This reading followed August’s 1.9% decline and was much worse than the market’s expectation of a 5% contraction.

In annual terms, pending home sales plunged 31%, compared to analysts’ estimate of a 10.5% decline.

market reaction

The dollar remains under modest downward pressure following this data, with the Dollar Index last trading virtually unchanged on the day at 110.62.

Source: Fx Street

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