The U.S. dollar increased against most other major currencies on Monday as the country's new home sales data came in much better than expected.
U.S. sales of new single-family houses in October were at a seasonally adjusted annual rate of 685,000, well above market consensus of 620,000 and hitting the highest level in 10 years, the Commerce Department said Monday.
This is 6.2 percent above the revised September rate of 645,000 and 18.7 percent above the October 2016 estimate of 577,000.
Analysts said the jump in October new home sales could lead the U.S. economy higher as this figure is a leading indicator of economy.
The dollar index, which measures the greenback against six major peers, increased 0.16 percent at 92.929 in late trading.
In late New York trading, the euro fell to 1.1899 dollars from 1.1924 dollars in the previous session, and the British pound dipped to 1.3317 dollars from 1.3324 U.S. dollars in the previous session. The Australian dollar lost to 0.7607 dollar from 0.7615 dollar.
The U.S. dollar bought 111.02 Japanese yen, lower than 111.56 yen of the previous session. The U.S. dollar climbed to 0.9813 Swiss franc from 0.9798 Swiss franc, and it moved up to 1.2763 Canadian dollars from 1.2704 Canadian dollars.
U.S. sales of new single-family houses in October were at a seasonally adjusted annual rate of 685,000, well above market consensus of 620,000 and hitting the highest level in 10 years, the Commerce Department said Monday.
This is 6.2 percent above the revised September rate of 645,000 and 18.7 percent above the October 2016 estimate of 577,000.
Analysts said the jump in October new home sales could lead the U.S. economy higher as this figure is a leading indicator of economy.
The dollar index, which measures the greenback against six major peers, increased 0.16 percent at 92.929 in late trading.
In late New York trading, the euro fell to 1.1899 dollars from 1.1924 dollars in the previous session, and the British pound dipped to 1.3317 dollars from 1.3324 U.S. dollars in the previous session. The Australian dollar lost to 0.7607 dollar from 0.7615 dollar.
The U.S. dollar bought 111.02 Japanese yen, lower than 111.56 yen of the previous session. The U.S. dollar climbed to 0.9813 Swiss franc from 0.9798 Swiss franc, and it moved up to 1.2763 Canadian dollars from 1.2704 Canadian dollars.
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