US Dollar Eases After S&P/Case-Shiller Home Price Index

Brussels (Dec 30)  The US dollar came off from its early highs against its major rivals on Tuesday, as data showed that annual rate of home price growth slowed in October.

S&P/Case-Shiller composite index of 20 metropolitan areas gained 4.5% year-over-year in October, compared to 4.8% in September. Economists were forecasting a 4.4% rise.

The greenback slipped to 119.00 against the yen, its lowest since  December 19  .

The greenback was trading at 1.5558 against the pound, off early weekly high of 1.5500.

Having advanced to multi-year highs of 0.9919 against the franc and 1.2123 against the euro earlier, the greenback reversed and was trading at 0.9878 and 1.2173,respectively.

Source: AllianceNews