The S&P CaseShiller Home Price Index for June was released better than expected at 167.69 versus the 167.20 estimate and worse than the 168.54 reading the prior month. The 20 year over year composite had a reading of -15.92% versus the expected reading of -16.20%. The markets have had little reaction to this better than expected report for June, after a huge USD rally overnight on continued global economic weakness.