U.S. dollar climbs amid economic data

Sat, 13 Aug 2022

U.S. dollar climbs amid economic data

Xinhua
04 Aug 2022, 06:49 GMT+10

NEW YORK, Aug. 3 (Xinhua) -- The U.S. dollar appreciated in late trading on Wednesday, driven by positive economic data.

The dollar index, which measures the greenback against six major peers, rose 0.25 percent to 106.5030 in late trading.

In late New York trading, the euro was down to 1.0157 U.S. dollars from 1.0175 dollars in the previous session, and the British pound decreased to 1.2145 U.S. dollars from 1.2168 dollars in the previous session. The Australian dollar increased to 0.6947 U.S. dollars from 0.6925 U.S. dollars.

The U.S. dollar bought 134.11 Japanese yen, higher than 132.97 Japanese yen of the previous session. The U.S. dollar increased to 0.9623 Swiss franc from 0.9570 Swiss franc, and it decreased to 1.2842 Canadian dollars from 1.2855 Canadian dollars.

The Institute for Supply Management said Wednesday that its barometer of the U.S. services sector rose 56.7 percent in July from 55.3 percent a month earlier.

The U.S. Commerce Department reported that U.S. factory orders rose 2 percent in June, beating market expectations.

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