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Fundamental Forex Analysis

Housing Price Index arrives at +0.2% in April

  • House prices in the US rose modestly in April. 
  • US Dollar Index clings to daily gains, stays below 97 after data.

Housing Price Index in the US increase by 0.2% in April, the Federal Housing Finance Agency’s (FHFA) monthly report showed on Wednesday. 

“House prices rose 5.5% from April 2019 to April 2020,” the FHFA  further noted in its publication. “The previously reported 0.1% increase for March 2020 remains unchanged.”

Commenting on the data, “we expect the normal spring bump in sales was pushed off by the COVID-19 shutdowns and may extend into the summer months as states reopen and real estate sales pick back up,” said Dr Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA.

Market reaction

The US Dollar Index largely ignored this data and was last seen gaining 0.21% on a daily basis at 96.90.

 

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