U.S. Dollar Declines Further After New Home Sales Data
10:31, 24th October 2014
(RTTNews) - The U.S. dollar fell further against its major counterparts in New York deals on Friday, as the U.S. new home sales came in below expectations in September.
The Commerce Department released a report showing that the annual rate of new home sales were 467,000 in September, down from expectations for 470,000. The August rate was revised down to 466,000.
The greenback dropped to 2-day lows of 1.6097 against pound, 1.2695 against euro and 0.9496 against the franc, off early highs of 1.6016, 1.2634 and 0.9545, respectively.
The greenback eased to 107.77 against the yen, from its previous session's high of 108.30.
The next possible downside target for the greenback lies around 1.62 against the pound, 1.28 against the euro, 0.94 against the franc and 107.00 against the yen.
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