The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose 3.9% on a monthly basis in July, following the 11.7% decline (revised from -8%) recorded in June. This reading came in better than the market expectation for a growth of 2.7%.
In the same period, Building Permits, which fell 3.7% in June, increased 0.1%.
The US Dollar Index showed no immediate reaction to these figures and was last seen fluctuating in its daily range above 103.00.