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U.S. dollar rises amid economic data

NEW YORK
2021-02-17 04:35

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NEW YORK, Feb. 16 (Xinhua) -- The U.S. dollar moved higher in late trading on Tuesday as market participants sifted through some economic data.

The dollar index, which measures the greenback against six major peers, was up 0.19 percent at 90.5219.

In late New York trading, the euro fell to 1.2115 U.S. dollars from 1.2130 dollars in the previous session, and the British pound increased to 1.3910 dollars from 1.3907 U.S. dollars in the previous session. The Australian dollar was down to 0.7762 U.S. dollar from 0.7784 dollar.

The U.S. dollar bought 105.89 Japanese yen, higher than 105.35 Japanese yen of the previous session. The U.S. dollar rose to 0.8918 Swiss franc from 0.8902 Swiss franc, and it increased to 1.2679 Canadian dollars from 1.2636 Canadian dollars.

On the data front, the Empire State manufacturing index, a key metric to gauge business activity growth in New York State, climbed to 12.1 in February, the Federal Reserve Bank of New York reported Tuesday.

Economists had expected a reading of 5.9, according to a survey by The Wall Street Journal. Any reading above zero indicates improving conditions.
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