U.S. dollar weakens amid economic data-Xinhua

U.S. dollar weakens amid economic data

Source: Xinhua

Editor: huaxia

2022-12-28 05:43:30

NEW YORK, Dec. 27 (Xinhua) -- The U.S. dollar fell in late trading on Tuesday as market participants digested newly released economic data.

The dollar index, which measures the greenback against six major peers, decreased 0.17 percent to 104.1510.

In late New York trading, the euro rose to 1.0645 U.S. dollars from 1.0619 dollars in the previous session, and the British pound decreased to 1.2031 U.S. dollars from 1.2041 dollars in the previous session.

The U.S. dollar bought 133.46 Japanese yen, higher than 132.89 Japanese yen of the previous session. The greenback fell to 0.9291 Swiss francs from 0.9340 Swiss francs. The U.S. dollar weakened to 1.3524 Canadian dollars from 1.3597 Canadian dollars, and it decreased to 10.4631 Swedish Kronor from 10.5168 Swedish Kronor.

The S&P CoreLogic Case-Shiller U.S. home price index report released on Tuesday showed that the 20-city composite fell 0.5 percent in October, its fourth monthly decline, as high interest rates put pressure on potential home buyers.

A broader measure of home prices, the U.S. national index, decreased a seasonally adjusted 0.3 percent in October from September, showed the report.