US housing slightly better than expected

US housing starts rise 4.8% to 1.189 million annualized, but on top of a downwards revision. Building permits are up 1.5% reaching 1.153 million annualized. The bottom line is a slight beat of expectations. The US dollar is extending its gains, with EUR/USD edging lower. US housing starts were expected to rise from 1.164 million (annualized) in My […]

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