US dollar falls against other currencies

US dollar

New York, June 17: The US dollar dropped down against other major currencies on weaker-than-expected economic data which is 2.4 per cent below the May 2016 rate.

The dollar index was down by 0.29 per cent at 97.146 in late trading while the euro increased to 1.1195 dollars from 1.1154 dollars in the previous session, and the British pound was up to 1.2782 dollars.

The dollar bought Japanese yen on little low price. The US dollar lost to 0.9736 from 0.9748 Swiss franc and down to 1.3217 from 1.3275 Canadian dollars.

According to Commerce Department, US privately-owned housing starts in May were at lowest of the past eight months, at annual rate of 1.092 million units.

Wefornews Bureau

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