US dollar gains on upbeat data

GMT 03:48 2014 Wednesday ,22 October

Arab Today, arab today US dollar gains on upbeat data

US dollar
New Yourk - XINHUA

The U.S. dollar climbed against other major currencies Tuesday as the country's housing data turned out better than expected.
U.S. existing-home sales bounced back in September to their highest annual pace of the year, according to the report National Association of Realtors released Tuesday.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co- ops, rose 2.4 percent to a seasonally adjusted annual rate of 5.17 million in September from 5.05 million in August.
Market is awaiting the two-day policy meeting of Federal Reserve starting from Oct. 28.
The central bank made the remarks after its September meeting that it will maintain the interest rates near zero for a " considerable time".
Dallas Federal Reserve President Richard Fisher said Monday in an interview that he continued to support ending the bond-buying program this month.
In late New York trading, the euro lost to 1.2725 dollars from 1.2807 dollars of the previous session, and the British pound decreased to 1.6121 dollars from 1.6170 dollars. The Australian dollar went down to 0.8779 dollar from 0.8793 dollar. The dollar bought 106.85 Japanese yen, higher than 106.83 yen of the previous session. The greenback went up to 0.9484 Swiss franc from 0.9422 Swiss franc, and moved down to 1.1228 Canadian dollars from 1.1283 Canadian dollars.

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