Dollar extends loss vs euro after US housing data

NEW YORK - The dollar extended declines against the euro on Tuesday after data showed prices of U.S. single-family homes dropped 18.6 percent in February from a year earlier but the rapid pace of decline slowed.

By (Reuters)

Published: Tue 28 Apr 2009, 8:29 PM

Last updated: Thu 2 Apr 2015, 8:29 AM

The Standard & Poor’s/Case-Shiller Home Price Indices also showed that the composite index of 20 metropolitan areas fell 2.2 percent in February from January. The drop on a month-over-month basis was above expectations based on a Reuters survey, but below on a year-over-year basis.

The euro was last up 0.3 percent to $1.3053 from $1.3035 before the data. The dollar was last down 0.6 percent against the yen at 96.05 yen, compared with 96.15 yen before the data.

More news from Business
In-store shopping regains trust


In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business2 days ago