The typical/expected market impact of this event is low.
The consensus forecast for Construction Spending (MoM) is 0.2%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
The most recent announced value for Construction Spending (MoM) was 0.7% against a forecast of 0.3%.
Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Construction Spending (MoM) result:
Country: | United States |
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Currency: | USD |
Source: | US Census Bureau |
Category: | Housing Market |
Frequency: | Monthly |
Australia | Building Permits (MoM) | ||
New Zealand | Building Permits s.a. (MoM) | ||
United States | Pending Home Sales (MoM) | ||
United States | Existing Home Sales Change (MoM) | ||
United States | New Home Sales Change (MoM) | ||
United States | Housing Starts (MoM) | ||
United States | Building Permits (MoM) |