House prices in the US increased modestly in February.
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- House prices in the US increased modestly in February.
- US Dollar Index clings to modest daily gains slightly above 101.50.
House prices in the US rose by 0.5% on a monthly basis in February, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday. This reading followed January’s increase of 0.1% (revised from +0.2%) and came in better than the market expectation for a decrease of 0.2%.
Meanwhile, the S&P/Case-Shiller Home Price Index arrived at +0.4% on a yearly basis in February, down from +2.6% recorded in January.
These data don’t seem to be having an impact on the US Dollar’s performance against its rivals. As of writing, the US Dollar Index was up 0.25% on the day at 101.55.
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