1st LD Writethru: U.S. dollar rises on rate-hike expectation

The U.S. dollar increased against other major currencies on Monday as market expectation for an interest rate-hike by year-end continued to support the greenback.

The dollar index, which measures the greenback against six major peers, was up 0.44 percent at 99.438 in late trading.

The U.S. dollar had been firmly bolstered since a robust nonfarm payroll report released earlier this month spurred investors' expectation for the Federal Reserve to raise interest rates in its next policy meeting in December.

On the economic front, the November 2015 Empire State Manufacturing Survey indicates that business activity declined for a fourth consecutive month for New York manufacturers. The headline general business conditions index was little changed at minus 10.7.

In late New York trading, the euro fell to 1.0678 dollars from 1.0738 dollars in the previous session, and the British pound decreased to 1.5197 dollars from 1.5227 U.S. dollars in the previous session. The Australian dollar declined to 0.7091 dollar from 0.7129 dollar.

The U.S. dollar bought 123.028 Japanese yen, higher than 122.72 yen of the previous session. The U.S. dollar rose to 1.0101 Swiss franc from 1.0073 Swiss franc, and it went up to 1.3333 Canadian dollars from 1.3312 Canadian dollars. Endit