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1st LD Writethru: U.S. dollar mixed against other currencies

Xinhua, May 28, 2015 Adjust font size:

The U.S. dollar was mixed against other currencies Wednesday amid improvement in the Greek debt crisis.

With no major economic data due Wednesday, investors shifted their focus to the Greek debt situation. Greek Prime Minister Alexis Tsipras said on Wednesday that the negotiations were on the "final stretch" towards a positive deal, and Greek government said it is starting to draft an agreement with creditors.

The recent upbeat U.S. economic data boosted rate hike forecast of the country.

Federal Reserve Chair Janet Yellen delivered a speech last Friday, saying "If the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target."

In late New York trading, the euro gained to 1.0890 dollars from 1.0872 dollars of the previous session, and the British pound decreased to 1.5341 dollars from 1.5387 dollars. The Australian dollar went down to 0.7724 dollar from 0.7733 dollar.

The dollar bought 123.84 Japanese yen, higher than 123.05 yen of the previous session. The greenback moved down to 0.9512 Swiss franc from 0.9527 Swiss franc, and moved up to 1.2469 Canadian dollars from 1.2431 Canadian dollars. Endite