Dollar off vs euro, yen after U.S. consumer, housing data

Published: 25 Sep 2009 06:16:52 PST

NEW YORK, Sept 25 - The euro rose against the dollar on Friday, erasing earlier losses after data showed U.S. consumer sentiment improved in September while sales of new U.S. homes edged higher in August.

The euro rose to $1.4706, up about 0.3 percent on the day, from around $1.4665 before the two economic reports.

The dollar also extended losses against the yen to 90.18 yen, down 1.3 percent on the day and near a session low of 89.97 yen, according to Reuters data.

Also on Friday, UK Prime Minister Gordon Brown said the issue of global currency imbalances is important. G20 leaders were meeting in Pittsburgh and were expected to address rebalancing the global economy, which would likely require a weaker dollar.