Dollar mixed after US housing data

AP News
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Posted: Sep 19, 2012 1:33 PM

NEW YORK (AP) — The dollar is mixed against other major currencies after the government said that U.S. builders started work on more homes in August than in the previous month.

The euro rose to $1.3065 in afternoon trading Wednesday from $1.3036 late Tuesday. The British pound fell to $1.6214 from $1.6239.

The Commerce Department said that construction of homes and apartments rose 2.3 percent last month to a seasonally adjusted annual rate of 750,000. That's up from 733,000 in July.

The Japanese yen rose against the dollar after the Bank of Japan said that it would increase the size and duration of its bond-buying program to help boost the country's economy. The dollar fell to 78.39 Japanese yen from 78.86 Japanese yen.

The dollar fell to 0.9275 Swiss franc from 0.9295 Swiss franc.