U.S. dollar strengthened in late trading on Tuesday amid the declines in the euro and Japanese yen.
The euro slipped on Tuesday, giving up some of Monday's gains caused by a stronger-than-expected German business confidence survey. The yen fell as safe-haven bids reduced.
The dollar index, which measures the greenback against six major peers, was up 0.18 percent at 96.7382 in late trading.
In late New York trading, the euro decreased to 1.1278 U.S. dollars from 1.1312 dollars in the previous session, and the British pound was up to 1.3218 dollars from 1.3180 dollars in the previous session. The Australian dollar was up to 0.7144 dollar from 0.7108 dollar.
The U.S. dollar bought 110.53 Japanese yen, higher than 110.05 Japanese yen of the previous session. The U.S. dollar was up to 0.9936 Swiss franc from 0.9925 Swiss franc, and it was down to 1.3379 Canadian dollars from 1.3411 Canadian dollars.
Market participants also digested a slew of economic data.
U.S. privately-owned housing starts were at a seasonally adjusted annual rate of 1.162 million in February, down 8.7 percent from the revised rate in January, the Department of Commerce said Tuesday.
Meanwhile, U.S. consumer confidence index stood at 124.1 this month, down from 131.4 in February, according to a newly released report by the New York-based Conference Board. Enditem
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