The U.S. dollar climbed against most major currencies on Friday as investors were digesting the latest economic data from the country.
U.S. personal income increased 28.6 billion U.S. dollars in August, or 0.2 percent, in line with market estimates, the Commerce Department said on Friday.
In August, U.S. disposable personal income increased 14.9 billion dollars, or 0.1 percent, and personal consumption expenditures (PCE) increased 18.0 billion dollars, or 0.1 percent.
The PCE price index, the Federal Reserve's preferred measure of inflation, increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.
The dollar index, which measures the greenback against six major peers, was up 0.04 percent at 93.123 in late trading.
In late New York trading, the euro rose to 1.1809 U.S. dollars from 1.1784 U.S. dollars, and the British pound fell to 1.3393 U.S. dollars from 1.3446 U.S. dollars. The Australian dollar decreased to 0.7841 U.S. dollar from 0.7854 U.S. dollar.
The U.S. dollar bought 112.48 Japanese yen, higher than 112.38 yen of the previous session. The U.S. dollar declined to 0.9688 Swiss franc from 0.9702 Swiss franc, and it edged up to 1.2475 Canadian dollars from 1.2421 Canadian dollars.
U.S. personal income increased 28.6 billion U.S. dollars in August, or 0.2 percent, in line with market estimates, the Commerce Department said on Friday.
In August, U.S. disposable personal income increased 14.9 billion dollars, or 0.1 percent, and personal consumption expenditures (PCE) increased 18.0 billion dollars, or 0.1 percent.
The PCE price index, the Federal Reserve's preferred measure of inflation, increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.
The dollar index, which measures the greenback against six major peers, was up 0.04 percent at 93.123 in late trading.
In late New York trading, the euro rose to 1.1809 U.S. dollars from 1.1784 U.S. dollars, and the British pound fell to 1.3393 U.S. dollars from 1.3446 U.S. dollars. The Australian dollar decreased to 0.7841 U.S. dollar from 0.7854 U.S. dollar.
The U.S. dollar bought 112.48 Japanese yen, higher than 112.38 yen of the previous session. The U.S. dollar declined to 0.9688 Swiss franc from 0.9702 Swiss franc, and it edged up to 1.2475 Canadian dollars from 1.2421 Canadian dollars.
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