The Dollar gained versus all majors except the Yen as risk aversion grew, following drops in equity prices and more concerns regarding E's future. Housing Starts rose to their highest level since 2008 with 0.67M versus 0.66M expected but Building Permits dropped to 0.61M versus 0.68M expected possibly signaling another housing slump. NASDAQ and Dow Jones declined by -1.57% and -1.08% respectively as the Dollar continued to rally versus the Euro. Crude Oil fell by -1.89% closing at 68.10$ a barrel. Gold (XAU) declined by -0.4% closing at 1,221$ an ounce. Today, CPI is expected higher with 0.2% versus 0.1% prior. Crude Inventories are expected with 0.7M versus 1.9M prior. FOMC Meeting Minutes will be released.
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