- Housing Starts and Building Permits in the US increased in October.
- US Dollar Index fluctuates in daily range above 104.00 after the data.
The monthly data published by the US Census Bureau revealed on Friday that Housing Starts rose 1.9% on a monthly basis in October, following the 3.1% increase (revised from 7%) recorded in September.
In the same period, Building Permits increased 1.1% after the 4.5% decrease in September.
Market reaction
The US Dollar Index showed no immediate reaction to these figures and was last seen fluctuating in its daily range slightly above 104.00.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD stays defensive toward 1.1000, as US NFP data looms
EUR/USD stays defensive toward 1.1000 in the European session on Friday. The pair lacks a clear directional impetus, as traders refrain from placing fresh bets ahead of the key US Nonfarm Payrolls data. The focus remains on ECB-speak as well.
GBP/USD holds recovery above 1.3150 after BoE Pill's comments
GBP/USD holds recovery gains above 1.3150 in European trading on Friday. Prudent remarks from BoE Chief Economist Huw Pill on interest rates offer a fresh lift to the Pound Sterling. Further upside, however, appears elusive as caution prevails ahead of the US Nonfarm Payrolls data.
Gold price sticks to modest gains near weekly top, bulls seem non-committed ahead of US NFP
Gold price (XAU/USD) struggles to capitalize on its modest intraday uptick and remains below the weekly top through the early part of the European session on Friday.
Nonfarm Payrolls set to grow moderately in September as markets mull bets of another big Fed rate cut
Economists expect the Nonfarm Payrolls report to show that the US economy added 140,000 jobs in September, following a job gain of 142,000 reported in August.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.