NEW YORK, March 27 (Xinhua) -- The U.S. dollar rose slightly against its major rivals in late trading on Wednesday as market participants digested the latest trade deficit data.
The dollar index, which measures the greenback against six major peers, rose 0.04 percent at 96.7812 in late trading. In late New York trading, the euro decreased to 1.1263 dollars from 1.1278 dollars in the previous session, and the British pound increased to 1.3263 dollars from 1.3218 U.S. dollars in the previous session. The Australian dollar decreased to 0.7086 dollar from 0.7144 dollar. The U.S. dollar bought 110.38 Japanese yen, lower than 110.53 Japanese yen of the previous session. The U.S. dollar was up to 0.9949 Swiss franc from 0.9936 Swiss franc, and it was up to 1.3402 Canadian dollars from 1.3379 Canadian dollars. U.S. trade deficit shrank to 51.1 billion U.S. dollars in January, the sharpest decline since March 2018, data released Wednesday by the U.S. Department of Commerce showed. Exports rose to 207.3 billion dollars, a 1.9 billion-dollar increase from December, while imports dropped to 258.5 billion dollars, down 6.8 billion dollars from the previous month, the data showed.
The December deficit figure was revised to 59.9 billion dollars. Economists polled by MarketWatch had forecast a January deficit figure of 57.7 billion dollars.
The dollar index, which measures the greenback against six major peers, rose 0.04 percent at 96.7812 in late trading. In late New York trading, the euro decreased to 1.1263 dollars from 1.1278 dollars in the previous session, and the British pound increased to 1.3263 dollars from 1.3218 U.S. dollars in the previous session. The Australian dollar decreased to 0.7086 dollar from 0.7144 dollar. The U.S. dollar bought 110.38 Japanese yen, lower than 110.53 Japanese yen of the previous session. The U.S. dollar was up to 0.9949 Swiss franc from 0.9936 Swiss franc, and it was up to 1.3402 Canadian dollars from 1.3379 Canadian dollars. U.S. trade deficit shrank to 51.1 billion U.S. dollars in January, the sharpest decline since March 2018, data released Wednesday by the U.S. Department of Commerce showed. Exports rose to 207.3 billion dollars, a 1.9 billion-dollar increase from December, while imports dropped to 258.5 billion dollars, down 6.8 billion dollars from the previous month, the data showed.
The December deficit figure was revised to 59.9 billion dollars. Economists polled by MarketWatch had forecast a January deficit figure of 57.7 billion dollars.
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