EURUSD: US Building Permits
|The Greenback strengthened against the Eurozone's single currency, following the US Building Permits data report on Tuesday. The EUR/USD currency pair lost only 3 pips, or 0.03%.
The Census Bureau released the Building Permits data that came out slightly better-than-expected and instead of the forecast of 1.33M, the residential building permits grew by 1.35M in the period of March.
Building Permits rose by 2.5% annualy, reaching the 1.354M growth pace, thus signaling how much of a construction is in the process. Moreover, single-family house building has retained close to the utmost levels ever since the recession began.
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