US: Housing Price Index rises by 0.1% in June vs. 1.1% expected

• House prices in the US rose at a softer pace than expected in June.
• US Dollar Index stays on the backfoot in the American session.

The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index rose by 0.1% on a monthly basis in June. This print followed May's increase of 1.3% and came in lower than the market expectation of 1.1%.

Meanwhile, the S&P/Case-Shiller Home Price Index arrived at 18.6% on a yearly basis in June, compared to analysts' estimate of 19.5%.

Market reaction

The US Dollar Index stays in negative territory near 108.50 after these data releases.