The dollar gave up early gains on Tuesday amid disappointing news on the U.S. housing market.
The NAHB/Wells Fargo Housing Market index rose to 47 in April from a downwardly revised 46 in March, the group said in a statement. Economists expected a reading of 50.
There was little reaction to news that U.S. consumer prices rose in line with estimates in March.
The Labor Department said its Consumer Price Index increased 0.2 percent last month.
The dollar improved to $1.38 versus the euro before easing back to $1.3830. A weak reading on German economic sentiment did little for the dollar.
The German ZEW survey of investor and analyst sentiment in Europe’s largest economy fell for a fourth consecutive month in April.
The dollar failed to rally versus the sterling amid U.K. consumer price figures. The pair was stuck at $1.6720 by day’s end.
Official data showed that U.K. consumer price inflation rose 0.2% in March, in line with expectations, after a 0.5% increase the previous month.
The dollar also saw little movement against the yen, unable to take back recent losses. The pair held near Y101.55, down fractionally from the previous session.
If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.
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The Zune concentrates on being a Portable Media Player. Not a web browser. Not a game machine. Maybe in the future it’ll do even better in those areas, but for now it’s a fantastic way to organize and listen to your music and videos, and is without peer in that regard. The iPod’s strengths are its web browsing and apps. If those sound more compelling, perhaps it is your best choice.
If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.
Hands down, Apple’s app store wins by a mile. It’s a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I’m not sure I’d want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.
Apple now has Rhapsody as an app, which is a great start, but it is currently hampered by the inability to store locally on your iPod, and has a dismal 64kbps bit rate. If this changes, then it will somewhat negate this advantage for the Zune, but the 10 songs per month will still be a big plus in Zune Pass’ favor.
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