USD: dollar stays the same against sterling but ends recent run against euro

Building permits in the US came in below expectations yesterday, as they decreased by 4.5% in September from the previous month. This was against a market expectation of a 2.9% slide. Against sterling, the dollar pretty much stayed exactly where it had been the day before, though it did weaken a little against the euro following a recent positive run.

Today sees the release of the initial jobless claims which are expected to fall to 236,000 from 243,000. The last reading showed that claims had fallen to the levels they were before hurricanes Harvey and Irma caused devastation across the southern US states, so it will be interesting to see whether they can pull even further away from their lowest levels in six weeks.