The U.S. dollar gained against other major currencies as its economic data came in better than expected. A string of data released on Tuesday revealed that the U.S. housing market is continuing to improve. The S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that average home prices rose 2.6 percent and 2.5 percent for the 10-City Composites and 20-City Composites from March to April, their record monthly gains. U.S. house price appreciation continued in April, rising 0.7 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). Aside from house price gains, U.S. new home sales also rallied. Sales of new single-family houses in May added 2.1 percent from April to a seasonally adjusted annual rate of 476,000, the highest level since July 2008. New order for manufactured durable goods in May climbed 3.6 percent, the U.S. Commerce Department said. It's a fresh sign of a pickup in economic activity. Furthermore,U.S. consumer confidence in June climbed to the highest level in more than five years, said a survey released Tuesday by the research institute Conference Board. Consumer spending accounts for approximately 70 percent of the world's largest economy. The stronger-than-forecast economic data spurred speculation that Federal Reserve will reduce bond purchases. Federal Reserve Chairman Bernanke said last Wednesday that the Fed may start tapering its pace of bond purchases later this year, and may end them around the mid of 2014, if the economy continues to improve. In late New York trading, the euro dropped to 1.3090 dollars from 1.3123 dollars of the previous session and the British pound decreased to 1.5425 dollars from 1.5442 dollars. The Australian dollar dropped to 0.9262 dollars from 0.9274 dollars. The dollar bought 97.76 Japanese yen, higher than 97.72 yen of the previous session. It edged up to 0.9377 Swiss francs from 0. 9330 Swiss francs and moved up to 1.0517 Canadian dollars from 1. 0495 Canadian dollars.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor