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17 Jan 2020

US: Housing Starts rose 16.9% in December vs. -3.8% expected

  • Housing Starts in US increased 16.9% to beat market expectation.
  • US Dollar Index extends recovery to fresh three-day highs.

Housing Starts in December rose 16.9%  in the US, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Friday. This reading beat the market expectation of -3.8% by a wide margin.

On a negative note, Building Permits fell 3.9% to come in worse than analysts' estimate of -1.9%.

The US Dollar Index edged higher on these data and was last seen adding 0.23% on a daily basis at 97.52.

Jan 17, 2020

BoC to be cautiously optimistic next week – TDS

Analysts at TD Securities are expecting the Bank’s tone next week to be cautiously optimistic next week and they will acknowledge softer household spe
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Jan 17, 2020

USD/CAD sits near session tops, just above mid-1.3000s

The USD/CAD pair rebounded around 20-25 pips from the early European session lows and refreshed session tops, around the 1.3055-60 region in the last
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