On Monday (May 11), at the New York close, the ICE US Dollar Index rose 0.06% to 97.955 points. The intraday trading range was between 98.153 and 97.805 points. It reached a new high during the Asia-Pacific midday session before gradually pulling back. It turned lower in New York morning trading and hit a new daily low at 22:43 (UTC+8).

According to Freddie Mac data, the 30-year fixed mortgage rate has risen to 7.4%, the highest level in nearly three years. Data from real estate brokerage Redfin shows that the volume of existing home pending sales in September fell 4% month-on-month, marking the largest single-month drop in over three years and hitting the lowest level since 2014. Nearly one-fifth of sellers have reduced prices, and the home purchase contract cancellation rate has reached a record high of 14.5%. Inventory levels have risen to the highest since March 2020, but high financing costs continue to constrain transactions.