NEW YORK, June 26 (Xinhua) -- The U.S. dollar increased against most major currencies on Monday as investors were digesting the latest Federal Reserve officials' remarks.
San Francisco Fed President John Williams said on Monday that the Fed needs to raise rates gradually or the economy runs the risk of overheating, according to media reports.
Meanwhile, New York Fed chief William Dudley said recent narrowing of credit spreads, record stock prices and falling bond yields could encourage the Fed to continue tightening U.S.
On the economic front, new orders for manufactured durable goods in May decreased 2.5 billion dollars or 1.1 percent to 228.2 billion dollars, according to U.S. Commerce Department on Monday, missing market expectations.
The dollar index, which measures the greenback against six major peers, was up 0.07 percent at 97.332 in late trading.
In late New York trading, the euro fell to 1.1191 dollars from 1.1199 dollars, and the British pound dropped to 1.2715 dollars from 1.2725 U.S. dollars in the previous session. The Australian dollar added to 0.7588 U.S. dollar from 0.7574 U.S. dollar.
The U.S. dollar bought 111.70 Japanese yen, higher than 111.25 yen of the previous session. The U.S. dollar climbed to 0.9717 Swiss franc from 0.9690 Swiss franc, and it edged down to 1.3245 Canadian dollars from 1.3260 Canadian dollars. Enditem
