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In the US, housing starts and building permits are expected to show some recovery in August, and analysts at TD Securities are looking for starts to rise by 6.3% m/m to a 1.242m unit pace (market: 1.238m).

Key Quotes

“The market looks for permits to see a more modest 0.5% increase while the Q2 current account deficit, the only other data release, is seen narrowing sharply to $103.4bn, led by an improvement in the trade deficit.”