US: Housing Starts surge 19.4% in March, Building Permits rise 2.7%

Housing Starts and Building Permits in US rose sharply in March.
US Dollar Index stays in the negative territory around 91.60.

Eren Sengezer FXStreet

Housing Starts in the US rose 19.4% on a monthly basis in March following February's sharp decline of 11.3%, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Friday.

Further details of the publication revealed that Building Permits, which fell 8.8% in February, increased 2.7% in the same period.

Market reaction

These figures don't seem to be having a significant impact on the shared currency's performance against its rivals. As of writing, the US Dollar Index was down 0.1% on a daily basis at 91.58.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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