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Canada building permits declined 3.7% in August

FXStreet (Mumbai) - The data released by the Statistics Canada on Wednesday showed the total value of building permits decreased 3.7% to $7.5 billion in August, following a revised increases of 15.5% in June and 0.7% in July (revised data).

The actual figure missed the estimate of a 0.8% rise. The official report said the decline was attributable to lower construction intentions in most provinces, mainly British Columbia, Alberta, Quebec and Saskatchewan.

Chile Trade Balance: $-85M (September) vs previous $-62M

Chile Trade Balance: $-85M (September) vs previous $-62M
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Expect weak Euro on weaker Euro data and possible central bank rhetoric – RBS

Nick Mannion, FX Strategist at RBS, suggest that there are more prospects that the EUR weakens versus the USD and GBP on weaker Euro area data and possible central bank rhetoric.
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