U.S. dollar rises on data, oil prices

Source: Xinhua| 2018-05-26 04:54:03|Editor: huaxia
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NEW YORK, May 25 (Xinhua) -- The U.S. dollar climbed on Friday as investors were sifting through the latest economic data from the country.

The dollar index, which measures the greenback against six major peers, increased 0.40 percent to 94.152 in late trading.

The U.S. Commerce Department said on Friday that orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, added 1.0 percent in April, beating market expectations.

Meanwhile, the greenback gained against commodity-linked currencies, as oil prices decreased after Saudi Arabia and Russia said they were ready to ease supply curbs that have been supporting crude prices, according to Reuters.

The Canadian dollar, a major commodity-linked currency, dropped over 0.74 percent against the U.S. dollar in late trading to its lowest level in more than two weeks.

In late New York trading, the euro was down to 1.1666 dollars from 1.1727 dollars in the previous session, and the British pound was down to 1.3319 dollars from 1.3385 U.S. dollars in the previous session. The Australian dollar fell to 0.7546 dollar from 0.7577 dollar.

The U.S. dollar bought 109.38 Japanese yen, higher than 109.30 Japanese yen of the previous session. The U.S. dollar was up to 0.9919 Swiss franc from 0.9915 Swiss franc, and it rose to 1.2977 Canadian dollars from 1.2889 Canadian dollars. Enditem

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