US Housting Starts rise 3% in June, Building Permits increase 3.4%

• Housing Starts and Building Permits in the US recovered in June.
• The US Dollar Index stays in negative territory below 104.00.

Housing Starts in the US rose 3% in June to 1.35 million units, the monthly data published by the US Census Bureau revealed on Tuesday. This reading followed the 4.6% decrease recorded in May. 

In the same period, Building Permits increased 3.4% after falling 2.8% in May.

Market reaction

The US Dollar stays under heavy selling pressure on Wednesday. At the time of press, the US Dollar Index was down nearly 0.5% on the day at 103.75.