USD: US September existing home sales beat at 3.99M vs 3.95M estimate
US existing home sales for September came in at a seasonally adjusted annualized rate of 3.99 million, above the 3.95 million estimate. The source reports no currency price move, pip figures or technical levels. On prices, the Northeast recorded the strongest year-over-year increase, while the West was the only region with lower prices. These price figures are not seasonally adjusted, so monthly declines can reflect normal seasonal patterns. By region, Northeast sales were 470,000 versus 480,000 in August, down 2.1% month-over-month and down 4.1% from 490,000 a year earlier. Midwest sales were unchanged at 930,000. For traders, the modest beat on the headline figure is a mildly supportive data point for the US dollar. The regional breakdown is mixed, with Northeast sales softening on both a monthly and annual basis, so the release is unlikely to shift the broader USD outlook on its own.
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