US: Focus on housing starts and permits - BBH

Sandeep Kanihama FXStreet Contributor

Analysts at BBH point out that the US reports October housing starts and permits data and a strong rebound is expected after a weak September report saw a 4.7% decline in starts and a 4.5% fall in permits.

Key Quotes

“The New York and Atlanta Fed will update their GDP trackers. Coming into today, the latest estimate of both is 3.2% for Q4. There may be scope for slightly higher figures as the recent data is incorporated. Canada reports October CPI figures. The headline pace is expected to slow to 1.4% from 1.6%. The Canadian dollar has been sensitive to economic data, but the central bank is seen on hold well into next year.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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