EUR/USD climbed right now on the speculation that European leaders will boost the European Monetary Stability Facility (the rescue fund). It looks like the optimism was
CPI increased .three% in September on a seasonally adjusted basis, like forecasters predicted. Consumer costs rose .4% in August. (Event A on the chart.)
The report about housing starts and building permits was released nowadays. Housing starts were at a seasonally adjusted rate of 658k in September, above the forecast value of 590k and the August reading of 572k. Constructing permits were at a seasonally adjusted rate of 594k in September, somewhat below the 625k figure in August and the median forecast of 610k. (Event A on the chart.)
Crude oil inventories decreased by 4.7 million barrels, even though total motor gasoline inventories decreased by 3.three million barrels last week.