The National Association of Home Builders/Wells Fargo housing market index declined unexpectedly in March, industry data showed on Monday. In a report, NAHB said that its Housing Market Index decreased to a seven-month low of 53.0 this month from 55.0 in February. Analysts expected the index to rise to 56.0 in March. A level above 50.0 indicates a favorable outlook on home sales, below indicates a negative outlook. EUR/USD was trading at 1.0594 from around 1.0598 ahead of the release of the data, GBP/USD was at 1.4816 from 1.4814 earlier, while USD/JPY was at 121.20 from 121.19 earlier. The US dollar index, which tracks the greenback against a basket of six major rivals, was at 99.82, compared to 99.91 ahead of the report. Meanwhile, U.S. stock markets were higher after the open. The Dow 30 rose 0.95%, the S&P 500 climbed 0.95%, while the Nasdaq Composite advanced 0.8%.