XE Market Analysis: Sharp Slowdown in U.S. Housing Starts

OVERVIEW The Bank of Canada kept rates on hold as expected but surprised the market when Governor Poloz said they had discussed easing monetary policy. National Australia Bank’s quarterly survey of more than 920 firms showed its index of business conditions fell 4 points to +7 in the last quarter. Brazil’s central bank cut interest rates by 0.25%, the first cut in rates in four years. UK retail sales were flat in September compared with August and rose at a slower pace of 4.1% year-on-year. HIGHLIGHT Housing starts fell for a second straight month in September, dropping 9% to just…

Source: XE news feed
XE Market Analysis: Sharp Slowdown in U.S. Housing Starts