Dollar drops before New Year

On Thursday, the US dollar fell in a weakened pre-New Year trade, retreating from a 14-year high against a basket of currencies, while investors are taking profits in anticipation of the end of the year.
USD Index, which tracks the dollar against a basket of six major rivals, fell by 0.3% to 102.93 (08:40 GMT), after a 14-year peak at 103.62 last week.
The euro rose by 0.3% against the dollar to 1.0446, retreating from a 13-year low at 1.0352 last week.
The dollar fell after data from the National Association of Realtors showed that the number of pending sales in the US housing market fell in November to the lowest level for almost a year, indicating that the housing market may be losing power.