US Pending Home Sales decline 1.5% in October

• Pending Home Sales in the US declined less than expected in October.
• US Dollar Index stays in positive territory around 103.40.

Pending Home Sales in the US rose 1.1% in October, the National Association of Realtors reported on Thursday. This reading followed a 1% increase recorded in September (revised from 1.1%) and came in better than the market expectation for a decrease of 2%. On a yearly basis, Pending Home Sales fell 8.5%. 

Market reaction

The US Dollar stays on positive ground, supported by previous economic reports from the US that included consumer inflation and Jobless Claims. The US Dollar Index is up 0.45%, at 103.5.