US: Housing Starts in October rose 3.8% vs. 0.6% expected

• Housing Starts rebounded strongly in October after September's decline.
• US Dollar Index largely ignored the upbeat reading.

According to the data published by the United States Census Bureau, Housing Starts in October rose 3.8% on a monthly basis following September's -7.9% contraction and came in better than the market expectation of 0.6%.

Further details of the publication revealed that Building Permits in the same period increased 5% after declining 2.4% in September and surpassed analysts' estimate of 0%. 

These reading had no impact on the greenback and the US Dollar Index was last down 0.05% on the day at 97.78.