The U.S. Census Bureau is expected to release a report on housing starts at 8:30 am ET. Economists estimate housing starts for April to come in at 690,000 units, while building permits are expected to have declined to 725,000.
The US dollar showed mixed performance ahead of the report. While the greenback strengthened against the yen and the pound, it edged lower against the euro and the Swiss franc. As of 8:25 am ET, the US currency was trading at 1.2740 against the euro, 0.9430 against the Swiss franc, 1.5924 against the pound and 80.50 against the yen.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.