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Markets

Dollar index holds losses after US housing starts data

NEW YORK: The dollar held at lower levels against a basket of currencies on Tuesday as a steeper-than-forecast decli
Published April 18, 2017

us-dollar3

NEW YORK: The dollar held at lower levels against a basket of currencies on Tuesday as a steeper-than-forecast decline in domestic home construction in March supported the notion the US economy lost momentum in the first quarter.

The dollar index, which measures the greenback's value versus the euro, yen and four other currencies, was last down 0.3 percent at 99.941.

 

Copyright Reuters, 2017
 

 

 

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