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U.S. dollar rises amid economic data

NEW YORK
2019-09-17 05:30

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NEW YORK, Sept. 16 (Xinhua) -- The U.S. dollar rose in late trading on Monday as investors digested latest economic data that came out better than expected.

Consumer sentiment rebounded mildly in September to a reading of 92 from the sharp August decline, the University of Michigan said in its survey on Friday.

U.S. retail and food services sales for August rose 0.4 percent month over month to hit 526.1 billion U.S. dollars and was 4.1 percent above the August 2018 level, the U.S. Census Bureau said Friday.

The gains were mainly boosted by higher spending on motor vehicles and parts, as well as building materials.

The dollar index, which measures the greenback against six major peers, rose 0.37 percent at 98.6160 in late trading.

In late New York trading, the euro decreased to 1.1006 dollars from 1.1069 dollars in the previous session, and the British pound was down to 1.2424 dollars from 1.2479 U.S. dollars in the previous session. The Australian dollar decreased to 0.6868 dollar from 0.6881 dollar.

The U.S. dollar bought 108.05 Japanese yen, lower than 108.13 Japanese yen of the previous session. The U.S. dollar rose to 0.9923 Swiss franc from 0.9910 Swiss franc, and it was down to 1.3240 Canadian dollars from 1.3281 Canadian dollars. Enditem

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