Source: ForexYard
As reported early Wednesday afternoon, the building permits report from the United States’ economy revealed an impeding shortfall in construction, albeit mildly. Forecasts on housing tend to be more estimated than other figures, making them carry less significance for the forex market.
Market watchers and economists were anticipating a month-on-month rise of roughly 610,000 building permits issued in October. The actual result was only 590,000 permits, falling just shy of forecasts. The impact may be a muted rise in the greenback as more traders turn to safety.
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