The dollar slipped severely against the euro yesterday, and marginally against the pound. Continuing falls against the pound however have led USD/GBP to its lowest point for a month.
Industrial production figures for September were very disappointing yesterday, falling by 1.3% month on month against an expectation of modest growth.
Today we will see housing starts and building permits, which are forecast to grow to 1.61million and 1.72million respectively. A shortage of new homes has seen property prices rising by as much as 22.9% according to the National Association of Realtors, fuelling inflation.
We will also hear speeches from four members of the Federal Reserve interest-rate setting committee, the FOMC.
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