US Housing Price Index rises 0.6% in August

• House prices in the US continued to rise in August.
• US Dollar Index clings to modest gains below 106.50.

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. 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 than the 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.