Dollar traded nearly its lowest point this year against six major currencies in FX accounts, as the worst of recession seems to be shaking off, lowering demand for safety.

Greenback hit a seven-week low versus the euro as home sales in the U.S. rose to its highest point in eight years in June. This is a clear sign of the housing market reaching a deep bottom and buyers are taking advantage of the low property values.

The Commerce Department reported that "new single-family home sales rose 11 percent in June." Accordingly the pace of house sales rose to a 384,000 a year.

However these numbers are still really bad. According to specialists the market could not possible sink any deeper.

Although general sales in the home retails are picking up, the market sentiment is still very low. General data shows that a real lift is not likely to happen any time soon.

The Dollar Index, use to track the greenback against major currencies including euro, yean and pound remained almost unvariable at 78.745 in early New York trades.
Standard & poor´s 500 Index dropped 0.6 percent after touching an eight-month high.

Australian dollar rose to 0.4 percent to $0.8206 AUD, "nor far off a six -week high of $0.8229 or year´s peak of $0.8265 against the yen"