Page 5 - Construction Output News Today

The FOMC rate decision is ahead at 2 PM ET

The EUR/USD price dropped as low as 1.0899 yesterday, registering a fresh low. Now, the pair is trading at 1.0907 at the time of writing.

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Italy's construction output increased at the fastest pace in three months in February after falling in the previous month, according to data released by the statistical office Istat on Friday.

Eurozone construction output grew for the second straight month in February, Eurostat reported Wednesday. Construction output grew 2.3 percent on a monthly basis but slower than the 3.

The EUR/USD rose on Tuesday after staying above the 1.0900 area and critical technical levels. A weaker US Dollar boosted the pair, which moved in a s

Thursday’s UK data dump aside, it is clear that the GBP/USD forecast will be impacted mostly by the release of macro data from the west side of the Atlantic this week. Wednesday’s publication of US Consumer Price Index is likely to be the most interesting one. Unless we see a much weaker CPI print, then this should make the case for a 25bp Fed hike on 3 May.

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