The dollar declined
from the highest level on record after U.S. durable-goods orders
unexpectedly decreased in December as Federal Reserve policy makers
began a two-day meeting in Washington.
The U.S. currency fell
against most major counterparts as home prices in 20 U.S. cities rose
at a slower pace in the year ended in November, another report showed on
Tuesday. The euro rose after a Swiss National Bank official said it
remained ready to intervene in markets. Traders are betting on an
October increase in interest rates by Fed Chair Janet Yellen and
colleagues. Russia™s ruble rose from a record.
The Bloomberg Dollar
Index, a gauge of the currency™s performance against 10 major peers,
slid 0.5 percent to 1,155.20 at 1:26 p.m. New York time. It closed at a
record 1,161.42 in New York on Jan. 26.
The dollar fell 1
percent to 1.1356 against the euro after rising to 1.1098 yesterday, the
strongest since September 2003. It declined 0.4 percent to 117.96 yen.
The shared currency appreciated 0.6 percent to 133.97 yen.
The euro rose 1
percent to 1.02548 francs after appreciating as much as 2.3 percent to
1.03826, the strongest level since the SNB lifted its currency cap on
Jan. 15.
Source : Bloomberg
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