Dollar is down from a three week high versus the euro as U.S. report toped expected numbers. According to the data U.S. builders went over the rate most economists had forecasted, leading traders to go for higher-yielding assets.

Greenback was down against major currencies including South African rand and Norwegian krone as BRIC leaders called for a more diverse economical system. Yen moved forward against 16 major currencies on the expectations of Japan´s recovery.

 “It’s this old picture that good numbers are bad for the dollar,” stated Lutz Karpowitz, currency strategist at Commerzbank in Frankfurt. “We’re in a transition phase now that perhaps will last a bit longer. There are two groups playing against each other, the dollar bears and the dollar bulls. They’ve both fired off their arguments, and the question is how long it will last.”

Dollar was as low as $1.3837 per euro in early New York trades.

As U.S. dropped versus a stronger euro on forex practices as safety demand decreased. The U.S. Commerce Department reported a 17 percent increase on home starts.

Dollar Index

Dollar index fell for the first time in three days with a 0.6 decreased.

The pound rose to a week high against the dollar after data showed U.K inflation slowed in May beyond economists´ predictions.