16.12.2015 - The housing market shows strength
Today in the US was published important statistics on the housing market in the country, which proved to be better than expected. Thus, the number of building permits of new homes in November rose to 1.29 million compared to 1.16 million in October. The number of housing starts totaled 1.17 million, that is 0.11 million better than in the previous month. It should be noted that the improvement in the construction sector is a sign of strengthening of GDP growth and increases the pressure on the euro against the dollar. We expect strong movements today after the Fed statement on monetary policy and maintain the medium-term negative outlook for the euro with the objectives of 1.05 and 1.02.