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.
Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
The most recent announced value for Construction Spending (MoM) was -0.4% against a forecast of 0.3%.
Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Construction Spending (MoM) result:
Country: | United States |
---|---|
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) |