Dollar Mostly Down Following Data - TheStreet

NEW YORK (

TheStreet) -- As investors continued to be bolstered by signs of an economic recovery, most fled the safety of the greenback for higher-yield returns. The dollar was down to 1.0826 Canadian dollars and 1.0718 Swiss francs in the early afternoon today.

Earlier on Monday, news of an

11% jump in new home sales in June likely gave investors something to cheer about.

Still, stocks were off following a mix of earnings data.

Verizon

(VZ) - Get Report

,

Aetna

(AET)

,

RadioShack

(RSH)

and

Honeywell

(HON) - Get Report

all

disappointed to greater and lesser degrees.

However, the buck was tracking up against another safe haven currency at 95.1550 Japanese yen.

In Europe, the euro was gaining at $1.4223, while the sterling was changing hands in positive territory at $1.6485.

--Reported by Sung Moss in New York City

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