The Greenback weakened against the Eurozone's single currency, following US Retail Sales data release on Tuesday. The EUR/USD currency pair gained only 2 pips, or 0.02%, to continue fluctuating in the 1.1805 area.
The Census Bureau released two data sets simultaneously, where Residential Building Permits for the month of April came out in line with a forecast of 1.35M, moreover, the same number was released in the previous period.
The US Dollar's slight weakening may be affected due to the lower-than-expected Housing Starts data of 1.29M, compared to the forecast of 1.32M.
Historical Data Table: US Building Permits | Economic Calendar for 17.05.2018 | ||||||||
Date | 18.01.2018 | 16.02.2018 | 16.03.2018 | 17.04.2018 | 16.05.2018 | 1:30 AM | AUD Employment Change | ||
Actual | 1.30M | 1.38M | 1.30M | 1.35M | 1.35M | 1:30 AM | AUD Unemployment Rate | ||
Forecast | 1.29M | 1.29M | 1.32M | 1.33M | 1.35M | 2:00 AM | NZD Annual Budget Release | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
AUD/USD | 0.7483 | 0.74835 | 0.01% | AUD/USD | 70.97% | 29.03% | |||
EUR/USD | 1.17743 | 1.17764 | 0.02% | EUR/USD | 66.09% | 33.91% | |||
USD/JPY | 110.136 | 110.116 | -0.02% | USD/JPY | 50.40% | 49.60% | |||
NZD/USD | 0.68832 | 0.68841 | 0.01% | NZD/USD | 58.86% | 41.14% |