U.S. dollar rebounds amid economic data

Source: Xinhua| 2017-05-24 04:45:11|Editor: yan
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NEW YORK, May 23 (Xinhua) -- The U.S. dollar rose against most other major currencies on Tuesday as investors digested a batch of mixed economic reports.

The seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index came in at 53.9 in May, beating market consensus and pointing to the strongest upturn in U.S. private sector output since February.

Meanwhile, U.S. sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569,000, missing market expectations, said the U.S. Commerce Department Tuesday.

This is 11.4 percent below the revised March rate of 642,000, but is 0.5 percent above the April 2016 estimate of 566,000.

The dollar index, which measures the greenback against six major peers, increased 0.35 percent at 97.326 in late trading Monday.

In late New York trading, the euro fell to 1.1179 dollars from 1.1236 dollars in the previous session, and the British pound lost to 1.2965 dollars from 1.2997 U.S. dollars in the previous session. The Australian dollar gained to 0.7483 dollar from 0.7475 dollar.

The U.S. dollar bought 111.73 Japanese yen, higher than 111.20 yen of the previous session. The U.S. dollar climbed to 0.9759 Swiss franc from 0.9733 Swiss franc, and it moved up to 1.3518 Canadian dollars from 1.3510 Canadian dollars.

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