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BREAKING: USD muted after pending home sales data

4:02 PM 30 November 2023

US pending home sales data for October was released at 3:00 pm GMT. Report was expected to show a 2.0% month-over-month decline, following a 1.1% MoM increase in September. Pending home sales were seen 8.8% lower on a year-over-year basis.

Actual report showed a smaller-than-expected drop of 1.5% MoM. On an annual basis, sales were 6.6% YoY lower. USD was muted following the release with range of moves on EURUSD not exceeding 0.1% in the first few minutes after data was published.

Source: xStation5

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