NEW YORK, April 4 (Xinhua) -- U.S. dollar rose in late trading on Thursday, amid a weakening euro, as major German economic institutes significantly lowered German GDP forecast for this year, stoking concerns over the euro zone economy.
Five leading German economic research institutes have significantly lowered their forecast for German economic growth in 2019 in a joint economic outlook presented on Thursday.
Germany's gross domestic product (GDP) is only expected to increase by 0.8 percent, a decline of more than one percentage point compared to the 2018 fall forecast of 1.9 percent, according to the report.
The dollar index, which measures the greenback against six major peers, increased 0.22 percent at 97.3047 in late trading.
In late New York trading, the euro decreased to 1.1220 U.S. dollars from 1.1240 dollars in the previous session, and the British pound decreased to 1.3064 dollars from 1.3155 U.S. dollars in the previous session. The Australian dollar increased to 0.7120 dollar from 0.7116 dollar.
The U.S. dollar bought 111.59 Japanese yen, higher than 111.46 Japanese yen of the previous session. The U.S. dollar increased to 0.9999 Swiss franc from 0.9977 Swiss franc, and it increased to 1.3355 Canadian dollars from 1.3338 Canadian dollars. Enditem
