US: Housing Starts rise by 6.3% in June, Building Permits decline by 5.1%

• Housing Starts in the US continued to rise in June.
• US Dollar Index stays in the positive territory above 93.00.

Housing Starts in the US rose by 6.3% on a monthly basis in June after increasing by 2.1% in May, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.

Further details of the publication revealed that Building Permits, which declined by 2.9% in May, was down 5.1% in June.

Market reaction

The greenback continues to outperform its rivals after this data. As of writing, the US Dollar Index was up 0.25% on the day at 93.05.