The Greenback weakened against the European single currency, following the release of the US building permits report. The EUR/USD currency pair gained only three base points, or 0.02%, reaching the 1.2328 level.
The US Census Bureau revealed on Friday that the US building permits data did not meet expectations, showing the growth pace of only 1.30M units in February, following the downwardly revised 1.38M reading in the prior month. The stronger-than-expected fall in the US homebuilding was caused by a plunge in the multi-family housing construction offseting a rise in single-family projects for the second month in succession.
