BREAKING: USD sees little reaction to housing market data

1:38 PM 18 August 2021

Building permits in the US rose 2.6 % from a month earlier to a seasonally adjusted annual rate of 1.635 million in July, following a three-month period of declines and beating market expectations of 1.61 million. The volatile multi-segment surged 11.2 % to a rate of 587 thousand, while single-family authorizations dropped 1.7 % to a rate of 1.048 million.

Housing Starts decreased to 1.534 million in July from 1.65 million units in June. It is the lowest reading in 3 months. Single-family housing starts were at a rate of 1,111,000; this is 4.5 % below the revised June figure of 1,163,000. The July rate for units in buildings with five units or more was 412,000.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1720 level. Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits