Dollar pushes lower versus. rivals despite strong U.S. data

Dollar pushes lower versus. rivals despite strong U.S. data

The dollar tucked lower from the other majors currencies on Wednesday, regardless of the discharge of upbeat U.S. housing sector data as traders were starting to unwind positions in front of the Christmas holiday.

EUR/USD rose .55% to at least one.0447, from the previous session’s fresh 14-year low of just one.0349.

The Nar stated that existing home sales rose to five.61 million units in November from 5.57 million units the prior month. Analysts had expected existing home sales to fall to five.50 million recently.

Market sentiment had soured after Russian ambassador to Poultry, Andrei Karlov, was shot and wiped out in an gallery within the Turkish capital of Ankara Monday evening.

A couple of hrs later, a truck plowed right into a crowded Christmas market in central Berlin, killing 12 people and injuring as much as 50 others.

The greenback was still being broadly based on the government Reserve’s decision a week ago to boost rates of interest by 25 basis points. The central bank also forecasted three more rate hikes for 2017.

Elsewhere, GBP/USD rose .20% to at least one.2387, still near to Thursday’s one-month low of just one.2310.

Earlier Wednesday, the U.K. Office for National Statistics reported that public sector internet borrowing elevated by £12.21 billion in November, when compared with expectations for any rise of £11.30 billion.

Public sector internet borrowing rose £4.32 billion in October, whose figure was revised from the formerly believed gain of £4.30 billion.

USD/JPY slid .37% to 117.42, while USD/CHF dropped .44% to at least one.0246.

The Australian and Nz dollars were steady, with AUD/USD at .7258 with NZD/USD at .6916.

Meanwhile, USD/CAD was little altered 1.3377.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was lower .41% at 102.84, still near to Tuesday’s fresh 14-year highs of 103.62.

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