US: Housing Price Index rises by 1% in August vs. 1.3% expected

• US FHFA Housing Price Index rose less than expected in August.
• US Dollar Index continues to move sideways below 94.00.

The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1% in August following July's increase of 1.4%. This reading fell short of the market expectation of 1.3%.

Meanwhile, the S&P/Case-Shiller Home Price Indices edged lower to +19.7% on a yearly basis in August from 20%, missing analysts' estimate of 20.1%. 

Market reaction

These figures don't seem to be having a significant impact on the dollar's performance against its rivals. As of writing, the US Dollar Index was virtually unchanged on the day at 93.80.