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| Dollar rose |
Cyber Daily News - US dollar exchange rate rose to the highest position eight months in
New York trading on Monday (Tuesday morning GMT), as an official
statement of the Federal Reserve to support market expectations for a
rate hike at the end of the year.
The San Francisco branch manager, John Williams, said at the weekend that there was "a strong case" for the Fed to raise interest rates when policy makers meet next month, Xinhua reported.
The greenback strengthened supported by her words. The dollar index, which measures the greenback against six major currencies, rose 0.23 percent to 99.794 at the end of trading, the highest level in eight months.
On the economic front, sales of "existing-home" or sales of second hand houses or have ever owned / occupied earlier, in October were at a healthy pace but failed to keep up with the increase in September, according to the National Association of Realtors Housing on Monday.
Total sales of "existing-home" fell 3.4 percent to an annual rate seasonally adjusted 5.36 million units in October from 5.55 million units in September. Although last month down, sales are still 3.9 percent above last year.
In late trading in New York, the euro fell to 1.0623 dollars from 1.0649 dollars in the previous session, and the British pound fell to 1.5119 dollars from 1.5195 dollars in the previous session. The Australian dollar fell to 0.7186 dollars from 0.7236 dollars.
The US dollar bought 122.81 Japanese yen, down from 122.88 yen in the previous session. The US dollar rose to 1.0193 Swiss francs from 1.0189 Swiss francs, and rose to 1.3374 Canadian dollars from 1.3341 Canadian dollars.
The San Francisco branch manager, John Williams, said at the weekend that there was "a strong case" for the Fed to raise interest rates when policy makers meet next month, Xinhua reported.
The greenback strengthened supported by her words. The dollar index, which measures the greenback against six major currencies, rose 0.23 percent to 99.794 at the end of trading, the highest level in eight months.
On the economic front, sales of "existing-home" or sales of second hand houses or have ever owned / occupied earlier, in October were at a healthy pace but failed to keep up with the increase in September, according to the National Association of Realtors Housing on Monday.
Total sales of "existing-home" fell 3.4 percent to an annual rate seasonally adjusted 5.36 million units in October from 5.55 million units in September. Although last month down, sales are still 3.9 percent above last year.
In late trading in New York, the euro fell to 1.0623 dollars from 1.0649 dollars in the previous session, and the British pound fell to 1.5119 dollars from 1.5195 dollars in the previous session. The Australian dollar fell to 0.7186 dollars from 0.7236 dollars.
The US dollar bought 122.81 Japanese yen, down from 122.88 yen in the previous session. The US dollar rose to 1.0193 Swiss francs from 1.0189 Swiss francs, and rose to 1.3374 Canadian dollars from 1.3341 Canadian dollars.
