New York [US], April 6: The U.S. dollar climbed in late trading on Wednesday as market participants digested fresh economic data.
The dollar index, which measures the greenback against six major peers, increased 0.27 percent to 101.8587.
In late New York trading, the euro fell to 1.0909 U.S. dollars from 1.0953 dollars in the previous session, and the British pound fell to 1.2463 U.S. dollars from 1.2497 dollars in the previous session.
The U.S. dollar bought 131.12 Japanese yen, lower than 131.62 Japanese yen of the previous session. The U.S. dollar rose to 0.9060 Swiss francs from 0.9059 Swiss francs, and it was down to 1.3453 Canadian dollars from 1.3458 Canadian dollars. The U.S. dollar rose to 10.4035 Swedish Kronor from 10.2807 Swedish Kronor.
The Institute for Supply Management reported Wednesday that the U.S. services PMI (Purchasing Managers' Index) fell to 51.2 percent in March from 55.1 percent in February. The report highlighted expansion of the services sector but missed analyst estimates.
The U.S. dollar index managed to secure its ground after the disappointing data.
In order to have a chance to gain sustainable upside momentum, the dollar index "must settle above the 102 level," Vladimir Zernov, analyst with market information supplier FX Empire, said on Wednesday.
Source: Xinhua