The US dollar bulls are hit once again by weak data: jobless claims rose to 294K, building permits came out at 1.04 million (1.08 exp.) and housing starts hardly recovered with 0.93 million (1.05 exp.). Revisions to previous figures were minimal. This is the third consecutive day of disappointments.
The greenback slides: EUR/USD is up from 1.0725 to 1.0760, USD/JPY is hardly holding on to 119 and GBP/USD establishes itself at 1.4920.
Read the rest of the article US housing and jobs data falls short – USD extends falls