RTRS: Dollar rises vs yen, euro as housing data improves
* Dollar gains versus yen, euro
* U.S. housing starts stronger than expected
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NEW YORK, Feb 17 (Reuters) - The U.S. dollar rose against the Japanese yen and the euro on Wednesday as a report showed U.S. housing starts rebounded more strongly than expected in January. For details, see [ID:nN16228624].
Analysts said such signs of improvement in the U.S. economy will support the dollar, while uncertainty about Greek finances are still weighing on the euro.
"We have actually seen the dollar rally a bit here as the data has come out slightly more positive than expected," said John Doyle, a currency strategist, at Tempus Consulting in Washington D.C. "The dollar is trading on that data right now."
The dollar rose as much as 1 percent against the yen and touched a session high of 91.02 yen JPY= in the aftermath of the data, before paring gains to trade last at 90.82 yen.
