November’s US Pending Home Sales below expectations

Pending Home Sales in the US declined by 4% on a monthly basis in November, the data published by the National Association of Realtors showed on Wednesday. This reading followed October’s decrease of 4.6% and came in much worse than the market expectation for an increase of 0.6%.

Following this data, the US Dollar Index stays in negative territory near 104.00. So, the US Dollar Index showed no immediate reaction to these figures and was last seen losing 0.22% on the day at 104.04.

On a yearly basis, Pending Home Sales plunged by 37.8%, compared to analysts’ estimate for a decline of 36.7%.