Pending Home Sales fall by 1.2% in March, less than the 1.6% expected drop

US Pending Home Sales fell by 1.2% MoM in March, less than the expected 1.6% drop, after sales fell 4.0% in February, the latest figures from the National Association of Realtors showed on Wednesday. That meant the US Pending Home Sales index fell to 103.7 in March, from 105.0 a month earlier. 

Market Reaction

FX markets did not react to the latest US housing figures, with the DXY continuing to trade close to five-year highs in the 103.00 area, as the buck continues to benefit from risk aversion amid heightened geopolitical tensions.