Building Permits & Housing Starts improve for the 3rd month in a row!

Building Permits and Housing Starts improved for the 3rd month in a row. This is the first "breath of fresh air" that the housing market has gotten in a while.
The weird thing is...as things improve economically in the U.S. it improves the sentiment for the larger, global economy...since the U.S. is such a big part of that. So in the end, the positive U.S. data will help foreign currencies even more than it does the U.S. dollar. In fact, I'd expect the dollar to stay in its "well defined" downtrend even as the U.S. economy continues to improve for that very reason.
Canadian Core CPI came in at 0%. So there was literally no inflationary or deflationary pressures. Given the neutrality of that report, it probably won't affect the CAD that much. So any moves on it today, from this point on are likely to be "technical" in nature. The USD/CAD trend has been down. That trend is likely to continue (with periods of corrective upswings along the way).