US: Pending Home Sales increase by 16.6% in June vs. 15% expected

• Pending Home Sales in the US rose more than expected in June.
• US Dollar Index stays deep in the negative territory near 93.50.

Pending Home Sales in the US rose by 16.6% on a monthly basis in June following May's surge of 44.3%, the data published by the US National Association of Realtors revealed on Wednesday. This reading came in much slightly better than the market expectation for an increase of 15%.

Further details of the publication revealed that Pending Home Sales improved from -5.1% to +6.3% on a yearly basis.

Market reaction

The US Dollar Index largely ignored these figures and was last seen losing 0.27% on the day at 93.48.