Investing.com - The S&P/Case-Shiller home price index rose at the slowest pace in 25 months in November, dampening optimism over the housing sector, industry data showed on Tuesday.
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 4.3% in November from a year earlier, in line with forecasts and following a gain of 4.5% in October.
“With the spring home buying season, and spring training, still a month or two away, the housing recovery is barely on first base,” says David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices.
EUR/USD was trading at 1.1344 from around 1.1336 ahead of the release of the data, while GBP/USD was at 1.5175 from 1.5182, while USD/JPY was at 117.46 from 117.45 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 94.51, compared to 94.57 ahead of the report.
Meanwhile, U.S. stock futures pointed to a lower open. The Dow futures pointed to a loss of 1.5% at the open, the S&P 500 futures fell 1.2%, while the Nasdaq 100 futures slumped 1.4%.