Dollar drops vs. yen after worse-than-expected housing data

SAN FRANCISCO (Dollar Drops) — The note slipped against the yearning but remained stabilize against the euro weekday after U.S. income of existing homes and condos lapse 8% in Sept to the minimal take in at small octad years, farther outpacing consensus expectations for a 3.6% fall. The note was purchase 114.17 yen, compared to 114.40 yearning presently before the accumulation and 114.74 in New U.S. trading Tuesday. The euro was trading at $1.4250, compared to $1.4248 before the accumulation and $1.4263 Tuesday. The note index, which measures the greenback against a goal of currencies, was at 77.550, compared to 77.595 before the accumulation and 77.540 New Tuesday.
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This entry was posted on Wednesday, October 24th, 2007 at 10:06 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.