U.S. dollar declines against other major currencies

NEW YORK, Dec. 26 (Xinhua) -- The U.S. dollar fell against other major currencies Tuesday, as investors were still sifting through the newly-signed U.S. tax reform.

U.S. President Donald Trump on Friday signed a 1.5-trillion-dollar tax cut bill into law, as well as a spending bill to keep the federal government running through January 19, 2018.

The tax bill, the sweeping rewrite of U.S. tax law since 1986, would cut the corporate income tax rate to 21 percent from the current 35 percent and lower individual income rates.

On the economic front, U.S. home prices kept rising across the country in October, indicating that the housing sector continued steady growth.

According to a fresh report released by S&P Dow Jones Indices Tuesday, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.2-percent-annual-gain in October, up from 6.1 percent in the previous month.

In late New York trading, the euro increased to 1.1864 dollars from 1.1851 dollars in the previous session, and the British pound increased to 1.3379 dollars from 1.3372 U.S. dollars in the previous session. The Australian dollar rose to 0.7728 dollar from 0.7718 dollar.

The dollar bought 113.16 Japanese yen, lower than 113.31 yen of the previous session. The U.S. dollar lost to 0.9893 Swiss franc from 0.9901 Swiss franc, and it was down to 1.2697 Canadian dollars from 1.2732 Canadian dollars. Enditem