US housing data beat expectations with 1.206 million and building permits missed with 1.103 million. This is decidedly mixed. Housing starts were marginally revised to the upside.
The US dollar is slightly stronger after the publication.
The United States was expected to report an annualized level of 1.15 million (annualized) in September from 1.126 million in September (before revisions). Building permits were predicted to stand at 1.164 from 1.1161 last time.
The US dollar has been on the back foot towards the publication suffering a bit of a sell off without any specific reason. This seems like a move back from the rise of the greenback.
Housing has been the stronger side of the US economy of late and it is watched by the Federal Reserve.
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