US dollar rises

New York, Aug 18 (IANS) The US dollar went up against most major currencies amid the country’s mixed economic data.

The August Empire State Manufacturing Survey released by New York Fed on Monday said business activity declined for New York manufacturers, reported Xinhua.

The headline general business conditions index tumbled 19 points to minus 14.9, its lowest level since 2009 and well below market consensus of a 4.75 percent gain.

Meanwhile, builder confidence for newly built single-family homes in August rose one point to a level of 61 on the National Association of Home Builders Housing Market Index (HMI). This is the highest reading in almost a decade.

The dollar index, which measures the greenback against six major peers, was up 0.30 percent at 96.813 in late trading.

In late New York trading, the euro fell to $1.1080 from $1.1119 in the previous session, and the British pound dropped to $1.5594 from $1.5651.

The Australian dollar went down to $0.7379 from $0.7380.

The US dollar bought 124.43 Japanese yen, higher than 124.26 yen of the previous session. The US dollar inched down to 0.9769 Swiss francs from 0.9773 Swiss francs, and it increased to 1.3084 Canadian dollars from 1.3076 Canadian dollars.

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