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U.S. dollar rises on upbeat data

Xinhua, April 21, 2016 Adjust font size:

The U.S. dollar increased against most major currencies on Wednesday as economic data from the country came out better than expected.

U.S. total existing-home sales jumped 5.1 percent to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million in February, according to the National Association of Realtors Wednesday. The latest reading was higher than market consensus of 5.268 million.

The dollar index, which measures the greenback against six major peers, was up 0.58 percent at 94.524 in late trading.

In late New York trading, the euro fell to 1.1306 dollars from 1.1380 dollars of the previous session, and the British pound declined to 1.4370 dollars from 1.4404 dollars. The Australian dollar went down to 0.7808 dollars from 0.7817 dollars.

The dollar bought 109.78 Japanese yen, higher than 109.10 yen of the previous session. The dollar climbed to 0.9711 Swiss francs from 0.9600 Swiss francs, and it inched down to 1.2620 Canadian dollars from 1.2647 Canadian dollars. Enditem