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Oct 20, 2015
Focus on US monetary policy – Rabobank
FXStreet (Delhi) – Research Team at Rabobank, suggest that the main focus of today’s session willbe on US monetary policy as Fed's Dudley (voter, dovish), Powel (voter, neutral) and Fed Chair Yellen will speak this afternoon (CET).
Key Quotes
“Also in the US, data for housing starts and building permits for September will attract some attention. The rise in building permits in August is expected to be reflected in an increase in starts in September, while permits are expected to fall back slightly.”
“The overall picture is of a housing market continuing to benefit from a favourable mix of low interest rates and positive real income growth. Homebuilding activity is also still below the long-term trend, which points to further improvements in the housing market. Yesterday's US NAHB housing market index release supports this view.”
Key Quotes
“Also in the US, data for housing starts and building permits for September will attract some attention. The rise in building permits in August is expected to be reflected in an increase in starts in September, while permits are expected to fall back slightly.”
“The overall picture is of a housing market continuing to benefit from a favourable mix of low interest rates and positive real income growth. Homebuilding activity is also still below the long-term trend, which points to further improvements in the housing market. Yesterday's US NAHB housing market index release supports this view.”