MW: Dollar remains under pressure after housing data
By Nick Godt
NEW YORK (MarketWatch) -- The dollar remained under broad pressure on Monday after a report that housing data rose much more than expected in June lifted economic optimism, curbing the appeal of the U.S. unit as a safe haven. The dollar index (DXY 78.79, +0.01, +0.02%) , which measures the U.S. unit against a basket of major currencies, stood at 78.622, compared with 78.576 ahead of the report. The Commerce Departe reported new home sales rose by 11% to a seasonally adjusted annual rate of 384,000. Economists surveyed by MarketWatch were predicting a modest increase in new-home sales to 355,000.
