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1st LD Writethru: U.S. dollar falls despite positive data

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(Globalpost/GlobalPost)

NEW YORK, June 23 (Xinhua) -- The U.S. dollar fell versus major currencies Monday despite positive U.S. economic data.

Financial data firm Markit said the U.S. manufacturing sector posted a robust and accelerated improvement in June. The seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers' Index (PMI) registered 57.5 in June, up from 56.4 in May, Markit reported.

Meanwhile, existing-home sales heated up in May, up 4.9 percent to a seasonally adjusted annual rate of 4.89 million, according to the National Association of Realtors. The data topped market expectations and indicated that sales activity is rebounding after a lackluster first quarter.

The greenback is under pressure after the Federal Reserve reaffirmed after its policy meeting on Wednesday that a highly accommodative stance of monetary policy remains appropriate.

Fed Chair Janet Yellen said after the meeting that the central bank plans to keep its interest-rate target low for a considerable time after it ends bond-buying.

In late New York trading, the euro rose to 1.3604 dollars from 1.3593 dollars of the previous session, and the British pound increased to 1.7024 dollars from 1.7011 dollars. The Australian dollar climbed to 0.9417 dollars from 0.9385 dollars.

The dollar bought 101.90 Japanese yen, lower than 102.13 yen of the previous session. The dollar went down to 0.8941 Swiss francs from 0.8957 Swiss francs, and it edged down to 1.0726 Canadian dollars from 1.0756 Canadian dollars.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140623/1st-ld-writethru-us-dollar-falls-despite-positive-data