1st LD Writethru: U.S. dollar climbs on upbeat economic data

The U.S. dollar rose against most major currencies on Friday as the country's economic data came out overall positive, raising market expectation on an interest-rate hike this year.

Survey showed U.S. consumer confidence rebounded in early June. The preliminary reading of the consumer sentiment in June increased to 94.6 from May's final reading of 90.7, beating market consensus of 91.2, according to the monthly Thomson Reuters/ University of Michigan survey of consumers on Friday.

Meanwhile, the seasonally adjusted Producer Price Index for final demand rose 0.5 percent in May, topping expectations, the U. S. Labor Department reported Friday.

Analysts said the strong economic data added odds that the Federal Reserve would raise interest rates later this year.

Investors also kept an eye on the Greece debt crisis. The International Monetary Fund said on Thursday that its delegation had left negotiations on Greece's debt talks in Brussels and flown home because of "major differences" with Athens.

In late New York trading, the euro dipped to 1.1259 dollars from 1.1264 dollars in the previous session, and the British pound rose to 1.5552 dollars from 1.5519 dollars in the previous session. The Australian dollar went down to 0.7735 dollars from 0.7751 dollars.

The U.S. dollar bought 123.46 Japanese yen, higher than 123.40 yen of the previous session. The U.S. dollar inched up to 0.9283 Swiss francs from 0.9342 Swiss francs, and it increased to 1.2325 Canadian dollars from 1.2281 Canadian dollars. Endite