US Housing Price Index rises 0.6% in August

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US Housing Price Index rises 0.6% in August
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House prices in the US rose by 0.6% on a monthly basis in August, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday.

House prices in the US continued to rise in August. US Dollar Index clings to modest gains below 106.50. This reading followed the 0.8% increase posted in July. Meanwhile, the S&P/Case-Shiller Home Price Index increased by 2.

2% on a yearly basis in August, at a stronger pace thanthe 0.2% rise recorded in July. Market reaction The US Dollar Index showed no immediate reaction to these data and was last seen trading modestly higher on the day at 106.40.

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