EUR/USD

U.S. Manufacturing output rose 0.5% in April, the U.S. Federal Reserve said on Wednesday in a report on output across the industrial sector, which comprises manufacturing, mining, and electric and gas utilities.

U.S. housing starts dropped 3.7% to a seasonally adjusted annual rate of 1.287 million units in April, the Commerce Department said on Wednesday. The decline reversed March's rise.

U.S. inflation is rising toward the Federal Reserve's 2% goal while not accelerating enough to suggest the economy is overheating, Dallas Federal Reserve President Robert Kaplan said on Tuesday.

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