The U.S. dollar climbed against other major currencies on Monday as investors digested the country's newly-released economic data.
U.S. personal income increased 58.7 billion U.S. dollars, or 0.4 percent, in December, beating market consensus, according to estimates released Monday by the Commerce Department.
In December, U.S. disposable personal income (DPI) increased 48.0 billion dollars, or 0.3 percent, and personal consumption expenditures (PCE) increased 54.2 billion dollars, or 0.4 percent.
U.S. personal outlays increased 61.5 billion dollars in December. Personal saving was 351.6 billion dollars in December and the personal saving rate, personal saving as a percentage of disposable personal income, was 2.4 percent.
Personal income increased 3.1 percent in 2017, compared with an increase of 2.4 percent in 2016.
The dollar index, which measures the greenback against six major peers, increased 0.27 percent at 89.308 in late trading.
In late New York trading, the euro fell to 1.2387 dollars from 1.2421 dollars in the previous session, and the British pound dipped to 1.4074 dollars from 1.4157 U.S. dollars in the previous session. The Australian dollar lost to 0.8099 dollar from 0.8119 dollar.
The U.S. dollar bought 108.95 Japanese yen, higher than 108.67 yen of the previous session. The U.S. dollar rose to 0.9370 Swiss franc from 0.9353 Swiss francs, and it moved up to 1.2325 Canadian dollars from 1.2320 Canadian dollars.
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