The US dollar rebounded slightly against some of its major currency rivals in the middle of the trading week, despite investors turning bullish on the financial markets. The greenback has struggled to hold onto its gains from during the banking crisis earlier this month, turning negative in some instances. Can the buck recover? The data may be a guide for investors and policymakers.

The US housing market has recorded some mixed numbers.

According to the National Association of Realtors (NAR), pending home sales plunged 21.1% year-over-year, worse than the market estimate of -19%. Month-over-month pending home sales rose 0.8%, topping market expectations of -2.3%. This was also down from the unexpected 8.1% gain in January.

In addition, mortgage applications climbed for the fourth consecutive week, rising 2.9% for the week ending March 24. This was also the longest winning streak in four years, according to the Mortgage Bankers Association (MBA).

The 30-year mortgage rate eased to 6.45%, down from 6.48% in the previous week. This was the third straight week of falling mortgage rates after hitting a multi-month high of 6.79% at the end of February.

This comes after it was reported that the House Price Index rose 0.2% month-over-month in January, and the S&P/Case-Shiller Home Price fell 0.6% to kick off the year.

Meanwhile, the Conference Board’s Consumer Confidence Index rose to 104.2 in March, up from 103.4 in February. This also topped economists’ expectations of 101.

Moreover, regional central bank data suggest weakness in various pockets of the country. The Richmond Fed Bank Manufacturing Index and Services Index came in at -5 and -17, while the Dallas Fed Services Index slumped to -18.

The US Treasury market was mostly up across the board, with the benchmark ten-year yield adding 1.5 basis points to 3.583%. The one-month bill added 5.5 basis points to 4.211%, while the 30-year bond jumped 1.3 basis points to 3.798%.

The US Dollar Index (DXY), which gauges the greenback against a basket of currencies, rose 0.16% to 102.59, from an opening of 102.49. The index is down nearly 1% on the year.

The USD/CAD currency pair fell 0.16% to 1.3577, from an opening of 1.3603, at 14:13 GMT on Wednesday. The EUR/USD was flat at 1.0848.