US: Building permits rose 0.3% in May vs -2.9% expected

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The data published by the U.S. Census Bureau on Tuesday showed that building permits in May rose by 0.3% on a monthly basis following April’s 0.2% increase and surpassed the analysts’ estimate for a decline of 2.9%. Further details of the publication revealed that housing starts fell by 0.9% in the same period and missed the market expectation of -0.4%. 

With the initial reaction, the US Dollar Index retreated from session highs and was last seen at 97.62, adding 0.1% on the day. 

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