Yesterday, USD weakened against all major currencies after the Federal Reserve delivered a dovish tone during their monetary policy decision.
Earlier today, the central held its monetary policy unchanged. Although the Fed revised their near-term economic projections upwards, Chairman Jerome Powell highlighted that the short-term rise in inflation above the 2% target is not sufficient for hiking interest rate.
Housing data released yesterday indicated a slowdown in the increase of the number of building permits issued and the number of houses that started construction in February.
Earlier today, the central held its monetary policy unchanged. Although the Fed revised their near-term economic projections upwards, Chairman Jerome Powell highlighted that the short-term rise in inflation above the 2% target is not sufficient for hiking interest rate.
Housing data released yesterday indicated a slowdown in the increase of the number of building permits issued and the number of houses that started construction in February.
- Building Permits (Actual: 1.68M, Forecast: 1.74M, Previous: 1.89M revised from 1.88M)
- Housing Starts (Actual: 1.42M, Forecast: 1.56M, Previous: 1.58M)