ByJin Dao Tai
AUG 19, 2021
Yesterday, USD strengthened against most major currencies except GBP and EUR.
In the released monetary policy meeting minutes by the Federal Reserve earlier today, it was stated that most committee members felt that a tapering on quantitative easing this year could be appropriate if the economy were to grow further to their expectation; while several members felt more appropriate for tapering to be carried out only next year.
The housing data released yesterday indicated an increase in the number of building permits issued and a slowdown in the increase of new residential buildings that began construction in July.
- Building Permits (Actual: 1.64M, Forecast: 1.61M, Previous: 1.59M revised from 1.60M)
- Housing Starts (Actual: 1.53M, Forecast: 1.60M, Previous: 1.65M revised from 1.64M)
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