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US Dollar Trading Mixed After Mixed Housing Report
The dollar is turning in a mixed performance against its major rivals Tuesday afternoon. The buck is up against its major European rivals, but is down slightly against the Japanese Yen. There was only one U.S. economic report this morning, the results of which proved mixed. While the Commerce Department released a report on Tuesday showing a much bigger than expected jump in new residential construction in the U.S. in the month of May, the report also showed a much steeper than expected drop in building permits. The report said housing starts soared by 5.0 percent to an annual rate of 1.350 million in May after ... (full story)