NEW YORK Nov 19 The dollar slightly pared losses versus the Japanese yen and briefly pared losses versus the euro on Monday after U.S. housing data showed strength in the sector.
The dollar last traded at 81.24 yen, flat on the day. It traded around 81.18 before the release of the data.
The euro last traded at $1.2794, up 0.4 percent on the day. It fell as low as $1.2776 after the release of the data versus around $1.2786 before it, according to Reuters data.
U.S home-builder sentiment rose for a seventh consecutive month in November to hit its highest in over six years.
U.S. home resales unexpectedly rose in October, a sign that slow improvements in the country's labor market are helping the housing sector recovery gain traction.
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read