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US building permits stand at 0.99 in March. They were expected to stand at an annual rate of 1 million after hitting 1.02 million in February. Housing starts stand at 0.95 million. They carried expectations for a rise to 0.97 million from 0.92  million beforehand (after marginal revisions). All in all, the data is just under expectations.

Towards the releases, EUR/USD traded just above 1.3830, GBP/USD held up on high ground above 1.68 and USD/JPY was around 102.30. The US dollar is very marginally lower with USD/JPY at 102.20. The euro and the pound are hardly affected.

Yesterday saw solid inflation figures from the US and Monday saw better than expected retail sales.

More US data is coming: industrial production is expected to rise by 0.5% and the capacity utilization rate is predicted to stand at 78.8%. These figures are released at 13:15 GMT and are both second tier numbers.

The bigger data awaits tomorrow with jobless claims and the Philly Fed Manufacturing Indicator. See how to trade the Philly figure with GBP/USD.