• Pending Home Sales saw a larger than expected 3.8% MoM drop in December. 
  • There was no discernable immediate market reaction to the data. 

Pending Home Sales in the US fell by 3.8% on a monthly basis in December following November’s 2.3% decline (revised lower from a 2.2% decline), data published by the US National Association of Realtors showed on Thursday. That was well below expectations for a decline of 0.2% MoM. The Pending Home Sales Index fell to 117.7 in December from 122.3 (downwardly revised from 122.4) in November. 

Market Reaction

There was no discernable immediate market reaction to the data. 

This article was originally published by Fxstreet.com.Read the original article here.

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