The U.S. dollar declined against other major currencies on Monday as investors moved to secure profits.
The dollar had its best week of the year last week which prompted traders to sell the greenback and take those gains, said analysts.
Meanwhile, investors continued to digest the country's upbeat economic data.
U.S. real gross domestic product (GDP) increased at an annual rate of 3 percent in the third quarter of 2017, beating market consensus of 2.5 percent, according to the advance estimate released by the Commerce Department Friday. In the second quarter, real GDP increased 3.1 percent.
The increase in real GDP in the third quarter reflected positive contributions from personal consumption expenditures, private inventory investment, nonresidential fixed investment, exports, and federal government spending, said the department.
The dollar index, which measures the greenback against six major peers, was down 0.33 percent at 94.602 in late trading.
In late New York trading, the euro climbed to 1.1633 U.S. dollars from 1.1596 U.S. dollars, and the British pound increased to 1.3197 U.S. dollars from 1.3125 U.S. dollars. The Australian dollar increased to 0.7678 U.S. dollar from 0.7667 U.S. dollar.
The U.S. dollar bought 113.17 Japanese yen, lower than 113.84 yen of the previous session. The U.S. dollar declined to 0.9953 Swiss franc from 0.9986 Swiss franc, and it edged down to 1.2838 Canadian dollars from 1.2861 Canadian dollars.
The dollar had its best week of the year last week which prompted traders to sell the greenback and take those gains, said analysts.
Meanwhile, investors continued to digest the country's upbeat economic data.
U.S. real gross domestic product (GDP) increased at an annual rate of 3 percent in the third quarter of 2017, beating market consensus of 2.5 percent, according to the advance estimate released by the Commerce Department Friday. In the second quarter, real GDP increased 3.1 percent.
The increase in real GDP in the third quarter reflected positive contributions from personal consumption expenditures, private inventory investment, nonresidential fixed investment, exports, and federal government spending, said the department.
The dollar index, which measures the greenback against six major peers, was down 0.33 percent at 94.602 in late trading.
In late New York trading, the euro climbed to 1.1633 U.S. dollars from 1.1596 U.S. dollars, and the British pound increased to 1.3197 U.S. dollars from 1.3125 U.S. dollars. The Australian dollar increased to 0.7678 U.S. dollar from 0.7667 U.S. dollar.
The U.S. dollar bought 113.17 Japanese yen, lower than 113.84 yen of the previous session. The U.S. dollar declined to 0.9953 Swiss franc from 0.9986 Swiss franc, and it edged down to 1.2838 Canadian dollars from 1.2861 Canadian dollars.
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