RTTN: Dollar Steady Ahead Of U.S. October CPI, Housing Starts And Building Permit Data
(RTTNews) - The US consumer price index for October is scheduled to be released at 8:30 am ET. The consensus estimates call for a 0.3% increase in the headline consumer price index and a 0.1% rise in the core consumer price index that excludes food and energy.
A report on housing starts, which refer to the number of privately-owned new homes on which construction has been started over some period, and building permits, which are the number of permits issued for new housing units each month, is also slated to be released at 8:30 AM ET.
Economists expect a decline in starts to 600,000 in the month from 610,000 in September and an increase of 570,000 permits from 539,000 last month.
The US dollar held steady against its major rivals ahead of the data. The greenback is currently quoted at 1.3480 against the euro, 83.48 versus the yen, 0.9962 against the Swiss franc and 1.5880 against the pound.
