Markets

Dollar pares losses slightly vs yen after US housing data

Published November 19, 2012 Updated November 19, 2012 03:33pm

 

The dollar last traded at 81.24 yen, flat on the day. It traded around 81.18 before the release of the data.

 

The euro last traded at $1.2794, up 0.4 percent on the day. It fell as low as $1.2776 after the release of the data versus around $1.2786 before it, according to Reuters data.

 

U.S home-builder sentiment rose for a seventh consecutive month in November to hit its highest in over six years.

 

US home resales unexpectedly rose in October, a sign that slow improvements in the country's labor market are helping the housing sector recovery gain traction.

 

Copyright Reuters, 2012