The U.S. dollar is retreating against major currencies like the euro, pound, Canadian dollar, and yen as housing starts in the United States dropped by 6.8%. This has led to forecasts for the EUR/USD, GBP/USD, USD/CAD, and USD/JPY pairs to strengthen against the greenback. Investors are closely monitoring these currency pairs as the housing market data impacts the dollar’s performance in the foreign exchange market. Stay updated on the latest trends in the forex market to make informed trading decisions.