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31 Oct 2023

US Housing Price Index rises 0.6% in August

House prices in the US continued to rise in August.
US Dollar Index clings to modest gains below 106.50.

House prices in the US rose by 0.6% on a monthly basis in August, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday. This reading followed the 0.8% increase posted in July.

Meanwhile, the S&P/Case-Shiller Home Price Index increased by 2.2% on a yearly basis in August, at a stronger pace than the 0.2% rise recorded in July.

Market reaction

The US Dollar Index showed no immediate reaction to these data and was last seen trading modestly higher on the day at 106.40.

Oct 31, 2023

EUR/USD: Failure to reclaim 50-DMA at 1.0660 could mean persistence in decline – SocGen

EUR/USD advances for third day. Economists at Société Générale analyze the pair’s outlook.

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