US August pending home sales -2.4% vs 0.0% m/m expected

• Prior was +1.3% (revised to +1.2%)
• Pending home sales +4.0% y/y vs +2.6% y/y expected
• Prior y/y reading was -2.2% (revised to -2.4%)

There must have been a longer-term downward revision somewhere in order to produce that 4% rise in y/y sales.
Overall, it's a negative report but there aren't many worries about the US housing market and this won't weight on the US dollar.