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Dollar mixed after US housing data

Dunya News

Dollar traded mixed against other major currencies after US housing data.

The dollar traded mixed against other major currencies Wednesday after a pair of reports showed that the U.S. housing industry continues to slowly recover.The Commerce Department said that construction of homes and apartments rose 2.3 percent last month to a seasonally adjusted annual rate of 750,000. Thats up from 733,000 in July.Separately, the National Association of Realtors said that sales of previously occupied homes rose 7.8 percent to 4.82 million. Thats the highest since May 2010.The euro rose to $1.3063 in late trading Wednesday from $1.3036 late Tuesday. The British pound fell to $1.6230 from $1.6239.The Japanese yen rose against the dollar after the Bank of Japan said that it would increase the size and duration of its bond-buying program to help boost the countrys economy. The dollar fell to 78.39 Japanese yen from 78.86 Japanese yen.The dollar fell to 0.9275 Swiss franc from 0.9295 Swiss franc and to 97.42 Canadian cents from 97.52 Canadian cents.