Page 2 - Construction Output News Today

Following Monday’s Powell-driven sharp rebound in the US Dollar, the risk-linked galaxy managed to regain some balance as the sessions passed by, sparking a decent recovery in the likes of the single currency and the British Pound in an environment broadly dominated by speculations surrounding the potential timing of interest rate cuts by the Federal Reserve.

Romania's construction output rose by 12.6% on the year in the January - November period, the Bucharest-based National Institute of Statistics (INS) said on Thursday, citing working-day adjusted data.

The EUR/USD pair trades little changed for a second consecutive day, changing hands at around 1.0880 ahead of the United States (US) opening.

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- No change to macro narrative over the weekend, following the beat in US nonfarm payrolls on Fri.

Italy's construction output expanded for the third straight month in October, according to the provisional data released by the statistical office Istat on Thursday.

The EUR/USD pair trades with mild losses and remains capped under the 1.1000 psychological mark during the early Asian trading hours on Wednesday.

The US Dollar is in better shape on Wednesday, advancing against most major rivals.

During Wednesday's Asian session, Japan will release trade data.

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