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The EUR/USD exchange rate was little changed on the US housing market data release on Friday. On the report, the Euro fell 0.03% against the US Dollar, continuing the side move up to the 0.53% drop sparked by exacerbating political uncertainty in Germany, as Chancellor Angela Merkel failed to form a three-way coalition.
The Commerce Department said that the US homebuilding rose to the highest level of the year in October, where housing starts jumped 13.7% to a seasonally adjusted yearly rate of 1.29M units, while building permits added 5.9% to a 1.30M unit rate in October. Strong figures were expected to contribute to stronger economic expansion in the US over the course of the Q4.
| Historical Data Table: US Building Permits | Economic Calendar for 20.11.2017 | ||||||||
| Date | 19.07.2017 | 16.08.2017 | 19.09.2017 | 18.10.2017 | 17.11.2017 | 7:00 AM | German PPI | ||
| Actual | 1.25M | 1.22M | 1.30M | 1.22M | 1.30M | 11:00 AM | German Buba Monthly Report | ||
| Forecast | 1.20M | 1.25M | 1.22M | 1.25M | 1.25M | 2:00 PM | ECB President Draghi Speech | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.75459 | 0.75435 | -0.03% | AUD/USD | 65.81% | 34.19% | |||
| EUR/USD | 1.17904 | 1.17875 | -0.02% | EUR/USD | 43.17% | 56.83% | |||
| USD/JPY | 112.648 | 112.57 | -0.07% | USD/JPY | 42.12% | 57.88% | |||
| NZD/USD | 0.67927 | 0.67903 | -0.04% | NZD/USD | 50.22% | 49.78% | |||