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U.S. dollar rises amid upbeat economic data

Asia

2019-03-06 05:15

NEW YORK, March 5 (Xinhua) -- U.S. dollar extended gains on Tuesday as market participants digested some stronger-than-expected economic data.

The non-manufacturing index, which gauges The performance of The U.S. service sector, was 59.7 percent in February, up by 3 percentage points from January, according to data released Tuesday by The Institute for Supply Management.

The reading represents continued growth in The non-manufacturing sector, beating market consensus of 57.5 percent.

The dollar index, which measures The greenback against six major peers, increased 0.19 percent at 96.8699 in late trading.

In late New York trading, The euro was down to 1.1302 U.S. dollars from 1.1330 dollars in The previous session, and The British pound was unchanged at close to 1.3170 dollars from 1.3170 dollars in The previous session. The Australian dollar was down to 0.7085 dollar from 0.7086 dollar.

The U.S. dollar bought 111.89 Japanese yen, higher than 111.74 Japanese yen of The previous session. The U.S. dollar increased to 1.0045 Swiss francs from 0.9996 Swiss franc, and it rose to 1.3345 Canadian dollars from 1.3315 Canadian dollars. Enditem