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U.S. dollar declines despite upbeat data

Xinhua, December 22, 2016 Adjust font size:

The U.S. dollar fell against most major currencies on Wednesday despite positive housing data from the country.

U.S. total existing-home sales rose 0.7 percent to a seasonally adjusted annual rate of 5.61 million in November from a downwardly revised 5.57 million in October, beating market consensus of 5.535 million.

The dollar index, which tracks the greenback against six major peers, still went down after rising for consecutive two sessions on Wednesday.

The index was down 0.26 percent at 103.020 in late trading.

In late New York trading, the euro rose to 1.0428 dollars from 1.0392 dollars, and the British pound dropped to 1.2343 dollars from 1.2361 dollars. The Australian dollar increased to 0.7304 dollars from 0.7255 dollars.

The dollar bought 117.55 Japanese yen, lower than 117.71 yen in the previous session. The dollar inched down to 1.0261 Swiss francs from 1.0286 Swiss francs, and it slipped to 1.3336 Canadian dollars from 1.3379 Canadian dollars. Enditem