The Greenback strengthened against the European single currency, following the US Building data release on Tuesday. The EUR/USD currency pair lost two pips, or 0.02%, to continue fluctuating in the 1.5596 area.
The Census Bureau released Residential Building Permits data that came lower-than-expected with a forecast of 1.35M in May, and lower from the previous period.
A survey showed that builders are: "..increasingly concerned that tariffs placed on Canadian lumber and other imported products are hurting housing affordability."
Historical Data Table: US Building Permits m/m | Economic Calendar for 20.06.2018 | ||||||||
Date | 16.02.2018 | 16.03.2018 | 17.04.2018 | 16.05.2018 | 19.06.2018 | 12:30 PM | US Current Account | ||
Actual | 1.38M | 1.30M | 1.35M | 1.35M | 1.3M | 1:30 PM | EU ECB Draghi Speaks | ||
Forecast | 1.29M | 1.32M | 1.33M | 1.35M | 1.35M | 1:30 PM | US Fed Chair Powell Speaks | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
AUD/USD | 0.75633 | 0.7562 | -0.02% | AUD/USD | 73.31% | 26.69% | |||
EUR/USD | 1.1729 | 1.17324 | 0.03% | EUR/USD | 64.41% | 35.59% | |||
USD/JPY | 110.124 | 110.182 | 0.05% | USD/JPY | 40.48% | 59.52% | |||
NZD/USD | 0.70406 | 0.7038 | -0.04% | NZD/USD | 53.15% | 46.85% |