The euro fell slightly against the dollar after the publication of statistics from the US
The data showed that the number of perfect bookmarks housing starts in the US fell in January, while expected to grow, while the volume of building permits fell less than forecast.
The US Commerce Department announced last month that the number of housing starts fell by 3.8% to 1.099 million units from 1.143 million units in December. Analysts had expected growth rate to 1,170 million.
Number Building permits decreased by 0.2% to 1.202 million units from 1.204 million December. Analysts had expected the number of building permits to fall to 1.200 million units.
Meanwhile, Bureau of Labor Statistics reported that producer price index in the US rose 0.1% last month, although the forecast drop in the indicator by 0.2%.
Thus, the picture of the US economy remains very controversial, which increases uncertainty in the timing of the US interest rates rise.
The euro fell slightly against the dollar after the publication of US statistics. By 16.38 Moscow time the pair traded near the mark of 1.1118 compared to 1.1128 on the eve of the release of statistics. However, to 17.00 the pair returned to the previous level.
Traders await the publication of the Fed meeting minutes to decide whether to wait for a rate hike in the near future.
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