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Dollar Unchanged After Housing Data

December 18, 2007 (Last updated on December 3, 2009) by

Dollar remains almost unchanged against euro even after the release of the U.S. housing data. EUR/USD grew up by about 16 pips only for the whole day with the main movement direction changing constantly. Supported by the yesterday data on the net foreign purchases, dollar doesn’t want to give up positions even after the not so good data in the real estate sector.

U.S. Census Bureau released the New Residential Construction report for November. The new building permits in November was at 1,152k annualized. That’s compared to 1,170k in October and to 1,150k expected for this month. New housing starts annualized rate in November was at 1.187k — well below 1.232k in October, but slightly above the expected 1.175k.

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