[Market Reaction] U.S. August NAHB Housing Market Index rises unexpectedly but remains below 50, dollar soft｜FX and Currency News

The story

The August NAHB Housing Market Index released by the National Association of Home Builders (NAHB) came in at 35, up from 34 in July. The market had expected 33, but the index rebounded higher than expected.

The index remained below 50 for the 28th consecutive month.

The dollar remained soft, with USD/JPY rising temporarily to around 159.40 yen before falling back to 159.25 yen.

EUR/USD edged higher from 1.1587 to 1.1597, while GBP/USD also edged higher from 1.3551 to 1.3564.

At a glance

IndicatorU.S. August NAHB Housing Market Index: 35, forecast 33, July 34

DateAugust release

Exchange-rate trendsThe dollar was soft, with USD/JPY moving from 159.40 yen to 159.25 yen, while European currencies edged higher

Other indicatorsThe NAHB index remained below 50 for the 28th consecutive month, indicating continued pessimism in the construction industry

Reference information. Every claim resolves to something the story actually named.

Where this came from

We read each source in full and checked they agree on the core claim.

1/ 1 agree

All of them report the same thing.

zai.diamond.jpNews

AgreesOpen

Read the original articleGo to the source page

Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.