May 21, 2012 -- Updated July 21, 2010 03:53 HKT
Euro falls against USD after topping 2 month high
The EUR fell against the USD on Tuesday as Europe is set to release stress tests on European banks later this week.
The EUR briefly rose above US$1.30 before falling to US$1. 2895 in late New York trading after the release of the weak US data and Goldman earnings.
The US Commerce Department said Tuesday that home construction fell in June to the lowest level since October.
However, the decline was mitigated by a 2.1% rise in building permit applications, an indicator of future activity.
The GBP edged up to US$1.5263 from US$1.5237, while the dollar rose to 87.21 Japanese Yen from 86.77 Yen.
The USD slipped to 1.0471 CA Dollars from 1.0549 CA Dollars after the Bank of Canada lifted interest rates. The Dollar dropped to 1.0504 Swiss Francs from 1.0529 Francs.—Paul A. Ebeling, Jnr. www.livetradingnews.com
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