USD holds steady as US home prices beat expectations in October

The US dollar maintained its position against major currencies following mixed housing data that showed resilience in the property market. The Case-Shiller 20-city home price index rose 1.3% year-over-year in October, slightly exceeding the 1.2% forecast but decelerating from September's 1.4% gain. Monthly prices increased 0.3%, beating the 0.1% consensus significantly. The FHFA national index showed a 1.7% annual increase, marking the lowest growth in 13 years. This data suggests ongoing housing market moderation while avoiding sharp declines that could trigger broader economic concerns. The controlled cooling supports the Federal Reserve's gradual approach to monetary policy adjustments. USD pairs showed limited reaction, with EUR/USD holding near 1.0500 and USD/JPY stable around 157.00. Traders await tomorrow's consumer confidence data for further directional cues on dollar strength.