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US: Housing Price Index rose 0.6% in December vs. 0.3% expected

  • US Housing Price Index rose more than expected in December.
  • US Dollar Index stays flat on the day near 99.30 after data.

The Housing Price Index in December rose 0.6% in December on a monthly basis following November's 0.3% increase, the data published by the US Federal Housing Finance Agency showed on Tuesday. This reading came in higher than the market expectation of +0.3%.

In the meantime, the S&P/Case-Shiller's 20-metro area Home Price Index in December came in at +2.9% on a yearly basis.

USD reaction

The greenback ignored these data and the US Dollar Index continues to fluctuate near 99.30, where it's virtually unchanged on the day.

USD/JPY New York Price Forecast: Dollar vulnerable vs. yen, trades near 111.60 level

USD/JPY is trading in a bull channel while above its main daily simple moving averages (SMAs). The spot is correcting down after a massive surge last week.
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Wall Street's rebounds following Monday's plunge

After closing the first day of the week more than 3% lower, Wall Street's main indexes started the day on a strong footing on Tuesday as investors see
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