EURO GIVES UP ALL OF THE WEEKs GAINS falling back below $1.35. Not enough attention is spent on improved US data. Housing starts and building permits hit 16 and 17-month highs respectively after better than expected retail sales earlier in the week. Kansas Fed's Thomas Hoenig speech (16:30 GMT) will make a fresh rebuttal to the Fed's low interest rate mantra, warning against the risks of keeping interest rates too low for too long. Meanwhile, the euro loses all of the week's gains, falling back below $1.35. $1.3680 has clearly failed, $1.3460 is next target. USDCAD eyes 1.0080.
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