Dollar Reverses Earlier Losses On Strong Housing Starts

MarketWatch Pulse

The U.S. dollar rose against its rivals Friday after the U.S. Commerce Department reported a 6.3% rise in new-home construction in September after a sizable drop in August. Overall construction starts were up 17.8% from the year-earlier period. The ICE U.S. Dollar Index , a measure of the greenback's strength against a basket of six rivals, rose to 84.82400 after the data, from 84.0000 just minutes before it was released. The department reported 1.02 million new starts, just about matching economists' consensus forecast.

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