US building permits stand at 1.04 million annualized, a slide of over 5%. Housing starts are at 1.03 million, slightly below expectations, a slide of 1.6%.
The US dollar is marginally stronger after the publication.
US building permits were expected to stand at 1.06 million (annualized) in November. Housing starts were predicted to stand at 1.04 million. Both are slight drops in comparison to October.
The dollar was generally weaker against major currencies such as EUR, GBP and JPY while showing strength against commodity currencies, especially against the Canadian dollar.
At the same time, Canada released manufacturing sales which carried expectations for a drop of 0.4%. Canadian Foreign Securities Purchases were predicted to show a surplus of 5.21 billion.
The big story is the ongoing fall in oil prices with the consequent collapse in the value of the Russian ruble.
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