Building Permits comes in at 1.443M against 1.352M consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
Building Permits in the United States came in at 1.443 million for the latest release, exceeding the consensus estimate of 1.352 million. This represents a 6.7% surprise above expectations. The actual figure also marks an increase from the previous reading of 1.367 million.
Following the release, market reaction across major USD pairs has been relatively subdued so far. Fifteen minutes after the data, AUDUSD moved -0.3 pips, EURUSD moved +0.4 pips, and GBPUSD moved +0.8 pips. NZDUSD saw a +0.2 pip change, while USDCAD moved -1.3 pips. USDCHF registered a -0.1 pip change, and USDJPY moved +0.9 pips. XAUUSD moved -36 pips. These measured moves are generally small when compared to the typical median 1-hour moves observed after past Building Permits releases, which include 6 pips for AUDUSD, 7 pips for EURUSD, 11 pips for GBPUSD, 6 pips for NZDUSD, 10 pips for USDCAD, 7 pips for USDCHF, 9 pips for USDJPY, and 21 pips for XAUUSD.