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.


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