Off the wire
• Red Cross to launch urgent appeal for aiding South Sudanese refugees  • UN mission in Mali condemns attack on Timbuktu Base  • Cypriot community leaders to have crucial negotiation session  • British inflation hits highest level since September 2013  • New U.S. ambassador to Israel presents credentials  • Ireland's trade surplus hits record high in March  • Lahm longing for normal life after retirement  • Chinese firm building manufacturing hub for construction technologies in Kenya  • New Ukrainian sanctions against Russia highlight hostilities  • 27 killed in Nigeria gunmen attack  
You are here: 　 Home

U.S. dollar declines on soft data

Xinhua, May 16, 2017 Adjust font size:

The U.S. dollar decreased against other major currencies on Tuesday as economic data from the country came out below expectations.

U.S. privately-owned housing starts in April were at a seasonally adjusted annual rate of 1.172 million units, 2.5 percent below the revised March estimate, according to the U.S. Commerce Department on Tuesday.

The latest reading missed market consensus of 1.256 million.

The dollar index, which measures the greenback against six major peers, was down 0.82 percent at 98.102 in late trading.

In late New York trading, the euro rose to 1.1094 dollars from 1.0976 dollars, and the British pound climbed to 1.2925 dollars from 1.2894 U.S. dollars in the previous session. The Australian dollar increased to 0.7434 U.S. dollar from 0.7416 U.S. dollar.

The U.S. dollar bought 113.02 Japanese yen, lower than 113.70 yen of the previous session. The U.S. dollar fell to 0.9853 Swiss franc from 0.9964 Swiss franc, and it edged down to 1.3580 Canadian dollars from 1.3646 Canadian dollars. Endit