NEW YORK, Dec. 18 (Xinhua) — The U.S. dollar stayed almost flat in late buying and selling on Monday, after concluding its weakest week in over a month because of the Fed’s dovish stance.
The dollar index, which measures the buck in opposition to six main friends, rose 0.01 % to 102.5625 in late buying and selling.
Builder confidence within the U.S. marketplace for newly constructed single-family properties rose 3 factors to 37 in December, in response to the housing market index knowledge collectively launched by the National Association of Home Builders (NAHB) and Wells Fargo.
“With mortgage rates down roughly 50 basis points over the past month, builders are reporting an uptick in traffic as some prospective buyers who previously felt priced out of the market are taking a second look,” mentioned NAHB Chairman Alicia Huey. “With the nation facing a considerable housing shortage, boosting new home production is the best way to ease the affordability crisis, expand housing inventory and lower inflation.”
U.S. Treasury yields had been trending upwards, with the 2-year yield at 4.44 %, the 5-year yield at 3.95 %, and the 10-year yield at 3.95 %, which can restrict the draw back of the U.S. dollar.
In Germany, the Ifo institute mentioned its enterprise local weather index stood at 86.4, which unexpectedly worsened in December. In late New York buying and selling, the euro elevated to 1.0916 U.S. {dollars} from 1.0899 {dollars} within the earlier session, and the British pound decreased to 1.2639 U.S. {dollars} from 1.2690 {dollars} within the earlier session.
The U.S. dollar purchased 142.8940 Japanese yen, increased than 142.1810 Japanese yen of the earlier session. The U.S. dollar decreased to 0.8685 Swiss francs from 0.8699 Swiss francs, and it rose to 1.3393 Canadian {dollars} from 1.3369 Canadian {dollars}. The U.S. dollar was all the way down to 10.2207 Swedish kronor from 10.2656 Swedish kronor.