London, United Kingdom, December 25, 2009 --(PR.com
)-- The U.S. dollar lost as much as 0.7 percent to $1.4377 per euro, retreating from the highest level since September. Oil rose 3.2 percent to $76.76 a barrel. The U.S. Commerce Department said home sales declined 11 percent to an annual pace that was lower than economist’s expectations. The looming possibility that a government tax incentive would expire, in combination with a 10.5 percent jobless rate and competition from foreclosed properties will likely have hurt major U.S. builders.
Raw-materials and energy producers are enjoying the strongest gains as reflected in the KTC Capital portfolio performance, rising 1.5 percent and 0.5 percent, respectively. The Dollar Index, which gauges the U.S. Dollar against the currencies of its six major exchange countries, lost 0.5 percent to 76.843 as it pulled back from the strongest level since August.
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