The U.S. dollar climbed against other major currencies on Wednesday as economic data from the country came out positive.
U.S. real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2017, above market consensus of 2.7 percent, according to the third estimate released by the Commerce Department Wednesday.
The upward revision in real GDP reflected upward revisions to personal consumption expenditures and private inventory investment, said the department.
U.S. real GDP increased 2.3 percent in 2017, much higher than the 1.5-percent growth in 2016.
Meanwhile, the Pending Home Sales Index grew 3.1 percent to 107.5 in February from a downwardly revised 104.3 in January, according to the National Association of Realtors Wednesday.
The dollar index, which measures the greenback against six major peers, increased 0.39 percent at 89.372 in late trading.
In late New York trading, the euro decreased to 1.2401 dollars from 1.2456 dollars in the previous session, and the British pound was down to 1.4154 dollars from 1.4228 U.S. dollars in the previous session. The Australian dollar fell to 0.7687 dollar from 0.7734 dollar.
The U.S. dollar bought 105.52 Japanese yen, higher than 105.25 Japanese yen of the previous session. The U.S. dollar was up to 0.9471 Swiss franc from 0.9448 Swiss franc, and it rose to 1.2876 Canadian dollars from 1.2867 Canadian dollars.NEW YORK, March 28 (Xinhua) -- The U.S. dollar climbed against other major currencies on Wednesday as economic data from the country came out positive.
U.S. real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2017, above market consensus of 2.7 percent, according to the third estimate released by the Commerce Department Wednesday.
The upward revision in real GDP reflected upward revisions to personal consumption expenditures and private inventory investment, said the department.
U.S. real GDP increased 2.3 percent in 2017, much higher than the 1.5-percent growth in 2016.
Meanwhile, the Pending Home Sales Index grew 3.1 percent to 107.5 in February from a downwardly revised 104.3 in January, according to the National Association of Realtors Wednesday.
The dollar index, which measures the greenback against six major peers, increased 0.39 percent at 89.372 in late trading.
In late New York trading, the euro decreased to 1.2401 dollars from 1.2456 dollars in the previous session, and the British pound was down to 1.4154 dollars from 1.4228 U.S. dollars in the previous session. The Australian dollar fell to 0.7687 dollar from 0.7734 dollar.
The U.S. dollar bought 105.52 Japanese yen, higher than 105.25 Japanese yen of the previous session. The U.S. dollar was up to 0.9471 Swiss franc from 0.9448 Swiss franc, and it rose to 1.2876 Canadian dollars from 1.2867 Canadian dollars.
U.S. real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2017, above market consensus of 2.7 percent, according to the third estimate released by the Commerce Department Wednesday.
The upward revision in real GDP reflected upward revisions to personal consumption expenditures and private inventory investment, said the department.
U.S. real GDP increased 2.3 percent in 2017, much higher than the 1.5-percent growth in 2016.
Meanwhile, the Pending Home Sales Index grew 3.1 percent to 107.5 in February from a downwardly revised 104.3 in January, according to the National Association of Realtors Wednesday.
The dollar index, which measures the greenback against six major peers, increased 0.39 percent at 89.372 in late trading.
In late New York trading, the euro decreased to 1.2401 dollars from 1.2456 dollars in the previous session, and the British pound was down to 1.4154 dollars from 1.4228 U.S. dollars in the previous session. The Australian dollar fell to 0.7687 dollar from 0.7734 dollar.
The U.S. dollar bought 105.52 Japanese yen, higher than 105.25 Japanese yen of the previous session. The U.S. dollar was up to 0.9471 Swiss franc from 0.9448 Swiss franc, and it rose to 1.2876 Canadian dollars from 1.2867 Canadian dollars.NEW YORK, March 28 (Xinhua) -- The U.S. dollar climbed against other major currencies on Wednesday as economic data from the country came out positive.
U.S. real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2017, above market consensus of 2.7 percent, according to the third estimate released by the Commerce Department Wednesday.
The upward revision in real GDP reflected upward revisions to personal consumption expenditures and private inventory investment, said the department.
U.S. real GDP increased 2.3 percent in 2017, much higher than the 1.5-percent growth in 2016.
Meanwhile, the Pending Home Sales Index grew 3.1 percent to 107.5 in February from a downwardly revised 104.3 in January, according to the National Association of Realtors Wednesday.
The dollar index, which measures the greenback against six major peers, increased 0.39 percent at 89.372 in late trading.
In late New York trading, the euro decreased to 1.2401 dollars from 1.2456 dollars in the previous session, and the British pound was down to 1.4154 dollars from 1.4228 U.S. dollars in the previous session. The Australian dollar fell to 0.7687 dollar from 0.7734 dollar.
The U.S. dollar bought 105.52 Japanese yen, higher than 105.25 Japanese yen of the previous session. The U.S. dollar was up to 0.9471 Swiss franc from 0.9448 Swiss franc, and it rose to 1.2876 Canadian dollars from 1.2867 Canadian dollars.
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