Manhattan Pending Sales vs US Dollar Index

Posted by urbandigs

Thu Nov 4th, 2010 10:51 AM

A: Why not. I did my best to overlay our Pending Sales chart with a US Dollar Index chart to see how the two forces related to each other. Personally, I think 'wealth effect' and credit expansion and speculative euphoria are more tied to pending sales than the simple movement of our currency relative to foreign currencies. Certainly, the rise and fall of the US dollar may trigger an emotional buy or sell decision here and there, but I don't think it moves entire markets. But that could just be me.

GREEN LINE --> Manhattan Pending Sales, left y-axis
ORANGE LINE --> US Dollar Index, right y-axis