The U.S. dollar declined against most major currencies on Monday as economic data from the country came out worse than expected.
Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index released on Monday.The latest reading was slightly lower of market consensus of 59.
Meanwhile, the May 2016 Empire State Manufacturing Survey announced on Monday indicated that business activity declined for New York manufacturers.
The headline general business conditions index decreased 19 points to minus 9.0, missing market consensus of a 7.0-percent gain.
The dollar index, which measures the greenback against six major peers, was down 0.03 percent at 94.583 in late trading.
In late New York trading, the euro rose to 1.1318 dollars from 1.1305 dollars of the previous session, and the British pound increased to 1.4396 dollars from 1.4360 dollars. The Australian dollar went up to 0.7290 dollars from 0.7265 dollars. The dollar bought 109.04 Japanese yen, higher than 108.65 yen of the previous session. The dollar climbed to 0.9781 Swiss francs from 0.9757 Swiss francs, and it inched down to 1.2895 Canadian dollars from 1.2947 Canadian dollars.
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