US June housing stands and permits in the limelight - BBH

Research Team at BBH, suggests that the North American session features US June housing stands and permits. 

Key Quotes

“A small increase in both (0.2% and 1.2%, respectively) is expected.  It is unlikely to have much market impact.  If the report is as anticipated, it will be part of a string of recent reports that show the US economy finished Q2 on a firm note.  This is consistent with the NY Fed GDP tracker that has the US economy accelerating in Q2 and Q3 after a two-quarter slow patch.  The Dollar Index is at the upper end of the range seen in Q2.  A move above 97.25, if sustained, would lift the medium-term outlook.”