Financial Times FT.com

Dollar hurt by poor housing data

By Peter Garnham

Published: October 17 2007 10:16 | Last updated: October 17 2007 22:02

Dire US housing figures put more pressure on the dollar on Wednesday.

Housing starts plunged 10.2 per cent in September, far below expectations of a 3.8 per cent decline, to their lowest level since 1993.

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