Housing starts stand at 1.009 million, a decline from last months upwardly revised 1.038 million, but building permits rise to 1.08 million, up 4.8% from an upwards revised number of 1.031 million.
Currencies are mixed.
US building permits were expected to stand at 1.04 million annualized in October after 1.02 in September (before revisions). Housing starts carried expectations for 1.03 million, also after 1.02 beforehand.
Earlier in the day, the euro and the pound showed strength while commodity currencies were on the back foot and the yen continued its crash.
The big event of the day is the release of the FOMC Meeting Minutes at 19:00 GMT. The Fed ended QE and had a hawkish stance. Some expect the minutes to counter the statement by expressing worries especially about inflation and the euro-zone, while others see a confirmation of the upbeat tone.
More:
- USD/JPY Shows Its Age As EUR/USD Corrects Higher – BofA Merrill
- EUR/USD: 1.2612/14 Key; Cable: Further Recoveries For Sale – JP Morgan
