US: Housing Price Index rises 0.6% in March vs. 0.2% expected

• House prices in the US continued to rise in March.
• US Dollar Index holds steady at around 104.00.

House prices in the US rose by 0.6% on a monthly basis in March, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday. This reading followed February's increase of 0.7% (revised from 0.5%) and came in better than the market expectation of +0.2%.

Meanwhile, the S&P/Case-Shiller Home Price Index arrived at -1.1% on a yearly basis in March, down from +0.4% recorded in February.

Market reaction

These data don't seem to be having an impact on the US Dollar's performance against its rivals. As of writing, the US Dollar Index was virtually unchanged on the day at 104.05.