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

Xinhua, July 23, 2015 Adjust font size:

The U.S. dollar climbed against most major currencies Wednesday as data for existing home sales from the country came out better than expected.

U.S. existing-home sales increased in June to their highest level in over eight years, according to the National Association of Realtors Wednesday.

Total existing-home sales added 3.2 percent from a downwardly revised 5.32 million in May to a seasonally adjusted annual rate of 5.49 million in June, beating market consensus of 5.40 million.

The strong housing data bolstered market speculation for an interest-rate hike by the year-end.

The dollar index, which measures the greenback against six major currencies, was up 0.22 percent to 97.538 in late trading.

In late New York trading, the euro fell to 1.0908 dollars from 1.0943 dollars in the previous session, and the British pound rose to 1.5602 dollars from 1.5553 U.S. dollars in the previous session. The Australian dollar decreased to 0.7373 U.S. dollar from 0.7426 dollar.

The U.S. dollar bought 124.07 Japanese yen, higher than 123.94 yen of the previous session. The U.S. dollar climbed to 0.9611 Swiss franc from 0.9580 Swiss francs and inched up to 1.3032 Canadian dollars from 1.2960 Canadian dollars. Endite