House Prices in US Retreats in May

House prices in the United States of America fell during last May missing expectations.

Data released by the Federal Housing Finance Index on Wednesday showed that house prices increased by -0.3% MoM, compared to 0.1% in the previous April.

Analysts had expected US house prices to rise by 0.4% in May.

The dollar index, which measures the performance of the US currency, is trading against a basket of 6 major currencies at the level of 94.8550 points, retreating by 0.3%