US dollar rises amid data

New York, Aug 31 (IANS) The US dollar rose in late trading amid strong U.S. economic data.

US personal consumption expenditures, a key measure of household spending, rose 0.6 per cent to 93.1 billion US dollars in July, boosted by spending in recreational goods and vehicles, as well as household electricity and gas, the Department of Commerce said Friday, Xinhua news agency reported.

The dollar index, which measures the greenback against six major peers, increased 0.4 per cent at 98.9057 in late trading.

In late New York trading, the euro decreased to 1.0978 dollars from 1.1052 dollars in the previous session, and the British pound fell to 1.2154 dollars from 1.2177 U.S. dollars in the previous session. The Australian dollar increased to 0.6728 dollar from 0.6727 dollar.

The US dollar bought 106.25 Japanese yen, lower than 106.62 Japanese yen of the previous session. The US dollar increased to 0.9906 Swiss franc from 0.9873 Swiss franc, and it rose to 1.3319 Canadian dollars from 1.3301 Canadian dollars.

--IANS

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