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Dollar ended mixed in choppy Monday trading. By early U.S. morning, the dollar declined broadly (except the Japanese yen) as reports showed that U.S. housing and manufacturing are improving, encouraging investors to be more risk-aggressive. U.S. construction spending increased by 0.8 % versus the expectation of a 0.2% drop, while U.S. ISM manufacturing came in at 55.7 in October, well above economists' forecast of 53.0 and previous month's reading of 52.6. However, Jon Greenlee's comments, associate director of the Fed's Division of Banking, eroded investors' risk appetite as he said that U.S. banks are at risk of sizeable new loan losses, particularly on commercial property and some banks may not have sufficient capital to fully cushion against setbacks. The U.S. major indexes surrendered the about 1% gain posted earlier on strong data, however, in late New York trading another rebound set in. DJI closed up 76.71 points.
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