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U.S. dollar mixed on housing data

Xinhua, February 25, 2017 Adjust font size:

The U.S. dollar ended mixed against other major currencies on Friday as housing data from the country came out mixed.

Sales of new single-family houses in January were at a seasonally adjusted annual rate of 555,000, according to U.S. Commerce Department on Friday. This is 3.7 percent above the revised December rate of 535,000 but still lower than market consensus of 576,000.

The greenback was also under pressure amid rising concerns over Trump administration' s economic policies.

Analysts said there seems to be little progress in the tax reform and public spending that U.S. President Donald Trump had promised, which has dented market sentiment and limited dollar strength.

In late New York trading, the euro fell to 1.0563 dollars from 1.0572 dollars in the previous session, and the British pound dropped to 1.2456 dollars from 1.2541 U.S. dollars in the previous session. The Australian dollar lost to 0.7676 U.S. dollar from 0.7715 U.S. dollar.

The U.S. dollar bought 112.13 Japanese yen, lower than 112.75 yen of the previous session. The U.S. dollar fell to 1.0072 Swiss francs from 1.0073 Swiss francs, and it edged down to 1.3093 Canadian dollars from 1.3114 Canadian dollars. Enditem