US: Housing
Mon, May 4 2009, 15:12 GMT
by Joseph Trevisani
FX Solutions | View company's profile
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Construction
spending rose 0.3% in March much better than the expected 1.0% fall and
February's 1.0% decline (revised from -0.9%). Real numbers are
better than sentiment measures and while this number is bad for the dollar to
the risk appetite equals dollar weakness crowd, that attitude is slowly waning.
It is good for the dollar to the more traditional, though longer
term, US recovery equals dollar strength crowd, which is the more forward
looking analysis.
Published on
Mon, May 4 2009, 15:12 GMT
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