US prices rises come in within expectations, at 12.86%. The Case Shiller Home Prices Index was expected to show a 13% year over year rise in February after a 13.2% level in January (before revisions).
The US dollar was stronger towards the release, with EUR/USD hit by weak German inflation, USD/JPY rising to the range high of 102.74 and GBP/USD still digesting the weaker than predicted GDP numbers.
Earlier this week, pending home sales exceeded expectations with a rise of 3.4%. Last week’s new home sales indicator badly disappointed.
Up next is the Conference Board’s Consumer Confidence figure for April, which is predicted to rise from 82.3 to 83 points.
See how to trade the Euro-zone inflation figure with EUR/USD.
