Dollar falls broadly as U.S. housing data fuels recovery optimism - Nov 23

23 November 2009 @ 04:59 pm EDT

Dollar declined across the board on Monday as an improvement in U.S. housing data dampened the greenback's safe-haven appeal. A report indicated U.S. existing home sales jumped by 10.1% to an annual rate of 6.10 million units in October (highest since February 2007) versus economists' expectation of 5.70 millions units. In addition, Federal Reserve Bank of St. Louis President James Bullard said on Sunday that the Fed should extend its mortgage-related assets purchase program beyond a planned end date, reinforcing the view that the Fed will keep interest rates at record low level.

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