NEW YORK, July 6 (Xinhua) -- The dollar rose against most major currencies on Monday as uncertainty over economic recovery boosted safety haven demand for the greenback.

    The Institute for Supply Management (ISM) reported on Monday that its ISM non-manufacturing industries index rose by 3 points to 47.0 points in June. A reading lower than 50 showed that U.S. service sector was still contracting, with a slowing pace.

    The sub-index of business activity rose by 7.4 points to 49.8, almost breaking even. Indexes of new orders, export and employment also improved. Consumers' sentiment on inventory has deteriorated.

    The overall message from the ISM index for services industries in June is that the economy is gradually pulling out of the recession in a slow-motion type of process, but there are still significant headwinds, analyst of Global Insight said.

    The report failed to ease worries over economic outlook, which was sparked by a worse-than-expected U.S. non-farm payroll report released last week. Investors are waiting for trading clues before the Group of Eight (G8) summit to be held in Italy later this week.

    The world economy is still in danger despite recent positive signs, World Bank President Robert Zoellick said on Monday in a letter to the G8 summit.

    The euro bought 1.3960 dollars in late New York trading compared with 1.4022 dollars it bought late Thursday. The pound fell to 1.6254 dollars from 1.6415 dollars.

    The dollar rose to 1.1621 Canadian dollars from 1.1614 Canadian dollars, and rose to 1.0863 Swiss francs from 1.0827 Swiss francs. It fell to 95.29

    Japanese yen from 95.84 Japanese yen.

Special Report:  Global Financial Crisis