Markets > Currencies

U.S. dollar declines amid downbeat data

NEW YORK
2019-11-19 05:32

Already collect

NEW YORK, Nov. 18 (Xinhua) -- The U.S. dollar weakened in late trading on Monday, as investors digested news of falling U.S. homebuilder confidence and kept a close eye on U.S.-China trade developments.

The dollar index, which measures the greenback against six major peers, decreased 0.21 percent at 97.7930 in late trading.

In late New York trading, the euro rose to 1.1074 dollars from 1.1052 dollars in the previous session, and the British pound rose to 1.2955 dollars from 1.2901 U.S. dollars in the previous session. The Australian dollar fell to 0.6810 dollar from 0.6815 dollar.

The U.S. dollar bought 108.63 Japanese yen, lower than 108.81 Japanese yen of the previous session. The U.S. dollar was down to 0.9883 Swiss franc from 0.9902 Swiss franc, and it decreased to 1.3204 Canadian dollars from 1.3228 Canadian dollars.

On the data front, a monthly gauge of U.S. homebuilder confidence slipped slightly this month.

Builder confidence in the market for newly-built single-family homes fell 1 point to 70 in November, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released Monday.

The safe-haven greenback pulled back following news that Chinese and U.S. chief trade negotiators hold phone talks during the weekend.

Chinese Vice Premier Liu He held a phone conversation at the request of U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Saturday morning. The two sides had constructive discussions on each other's core concerns in the "phase one" deal, and agreed to maintain close communication.
Add comments

Latest comments

Latest News
News Most Viewed