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.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here