US: Pending Home Sales decline by 1.1% in October vs. +1% expected

• Pending Home Sales in the US continued to fall in October.
• US Dollar Index remains deep in the negative territory near 91.50. 

Pending Home Sales in the US fell by 1.1% on a monthly basis in October following September’s decline of 2%, the data published by the US National Association of Realtors showed on Monday. This reading came in worse than the market expectation for an increase of 1%.

On a yearly basis, Pending Home Sales rose by 20.2%.

Market reaction

The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.27% on the day at 91.55.