The U.S. dollar varies

The U.S. dollar varies

The dollar traded mixed against other major currencies on Tuesday (Wednesday morning GMT ) , for a pair of weak economic data from the country .

General business conditions index for February dropped eight points in the New York area , but remained positive at 4.5 , according to the Empire State Manufacturing Survey ( This part of the State of New York ) released by the Federal Reserve of New York on Tuesday , slightly lower than analysts' estimates , Xinhua reported .

In addition , the U.S. builder confidence in the market for new buildings , single-family homes , fell to 46 in February from 56 in the previous month , according to the National Association of Real Estate Developer ( NAHB ) / Wells Fargo Housing Market Index released Tuesday . Association blamed the weather conditions are unusually severe for the numbers worse than expected .

The figures disappoint reducing demand for the U.S. currency and press it.

In addition , investors will collect the signs about the planned reduction of monetary stimulus from the U.S. Federal Reserve policy meeting minutes of January which will be released Wednesday , which plays an important role in determining the trend of the greenback .

The dollar strengthened against the Japanese yen after the Bank of Japan , Bank of Japan ( BoJ ) , promised that they would maintain a loose monetary policy in place to tackle deflation .

Greenback reverse declining trade has recently become moved higher against the British pound , due out in the UK inflation below the target of two per cent in January for the first time in more than four years .

In late New York trading , the euro rose to 1.3757 dollars from 1.3696 dollars in the previous session , and the British pound fell to 1.6682 dollars from 1.6743 dollars . The Australian dollar fell to 0.9034 dollars from 0.9036 dollars .

The U.S. dollar bought 102.34 yen , from 101.87 yen higher in the previous session . The greenback on Tuesday fell to 0.8883 Swiss francs from 0.8918 Swiss francs , and fell to 1.0945 Canadian dollar from 1.0981 Canadian dollar .