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Forex - Dollar mixed vs. rivals after disappointing U.S. housing data

Published 07/19/2010, 11:14 AM
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Investing.com – The U.S. dollar was mixed against the other major currencies on Monday, amid rising risk aversion after worse-than-expected data on U.S. housing.

During European afternoon trade, the greenback was down against the euro, with EUR/USD gaining 0.29% to hit 1.2968.

Earlier in the day, the U.S. National Association of Home Builders said its index of builder confidence fell to 14 in July, after declining to 17 in June.

Analysts had expected decrease to 16 in July.

The greenback was also down against its Canadian counterpart with USD/CAD shedding 0.34% to hit 1.0545.

The loonie's gains came after official data showed investment in Canadian securities increased to CAD 23.16 billion in May, after rising to CAD 12.36 billion in April.

Analysts had expected an increase of CAD 8.05 billion in May.

But the greenback was up against the pound, the Swiss franc and the yen with GBP/USD shedding 0.62% to hit 1.5211, USD/CHF advancing 0.11% to hit 1.0513 and USD/JPY gaining 0.09% to hit 86.69.

Late Sunday, Rightmove, Britain's largest property website said its house price index fell 0.6% in July, dropping for the first time this year. Year-on-year house prices rose 3.7% in July, after advancing 5% in June.

The greenback was also up against its Australian and New Zealand counterpart with AUD/USD sliding 0.11% to hit 0.8679 and NZD/USD shedding 0.8% to hit 0.7048.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.11%.


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