Canada: Housing Starts rose to 180.7K YoY in February

Canadian Housing Starts rose to a seasonally adjusted 180.7K over the last twelve months in February, beating expectations and previous print at 175K and 159K (revised), respectively.

Mar 8, 2013

Canada Feb Housing Starts s.a (YoY) improves to 180.7K vs 159K in Jan.

Forex Flash: USD/JPY: 100.00 seems to be a common target - BBH

The dollar is little changed against most major currencies ahead of the US data, but stronger against the yen. USD/JPY rose to 95.79, the highest since August 2009. "Barriers thought to have been around JPY95.25 and JPY95.50 have been triggered and the dollar remains firm", says BBH team.