EUR/USD remained mainly unchanged after todays releases of the macroeconomic statistics in U.S. The overall trading day was bullish for the currency pair it rose from 1.5715 to 1.5783, but it failed to set a new record high level today. The yesterdays high value at 1.5902 remains the highest rate that EUR/USD ever reached on Forex.
Building permits in February fell down from 1,061k to 978k, while only a mild drawdown to 1,020k was expected. Building permits during the same period dropped from 1,071k to 1,065k, which is significantly above the expectations 995k. Its noteworthy to say also that the housing starts fell only from a revised Januarys value, before revision it was at 1,012k. This can be a first real sign of the U.S. housing market improvement.
Producer Price Index in February rose as expected 0.3%, while the core PPI rose 0.5% faster than expected 0.2%. In January they grew by 1.0% and 0.4% respectively.
Markets are waiting for the interest rate decision, which will be carried out later today. There may be a lot of movement on Forex after this release.
