2:32 PM · 17 January 2025

EURUSD steady after US housing market data reading

- United States Housing Data (December):

Building Permits - Actual: 1.483M vs Forecast: 1.460M vs Previous: 1.493M
Housing Starts - Actual: 1.499M vs Forecast: Forecast: 1.330M vs Previous: 1.289M

EURUSUD did not overreact, even though home construction starts surprised with a slightly higher reading, which may indicate greater strength in the US consusment and thus reduce the cinch for a dovish Fed.

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