Low impact
US pending home sales fell 7.3% month-over-month in September, well below the -0.5% estimate, and dropped 12.6% year-over-year versus a -3.9% forecast.
LiveSquawk10/20, 09:00 PM
- -7.3%
- est -0.5%
- prev 0.3%
- -12.6%
Figures as quoted by LiveSquawk
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
USD
Would push down
DaysMedium confidence
Much weaker pending home sales add to signs of US economic softening, which could reduce pressure for tighter policy
US10Y
Would push down
DaysMedium confidence
Weaker housing data can lower growth expectations, which tends to pull yields lower if confirmed by other data
What could change this
If other upcoming data, such as durable goods orders, shows resilience, the softening read from this single housing report may not hold.
Related assets
Coming up for USD
Explore next
Latest USD news
Jin1010/22, 07:20 PM
US initial jobless claims for the week ending October 17 will be released in ten minutes.
FinancialJuice10/20, 07:30 PM
FinancialJuice10/20, 07:30 PM