U.S. dollar climbs amid upbeat data

The U.S. dollar rose against other major currencies on Tuesday as investors were sifting through a batch of economic data from the country.

The U.S. goods and services deficit rose 6.4 billion U.S. dollars from September's revised reading to 42.6 billion U.S. dollars in October, generally in line with market consensus, the Commerce Department announced Tuesday.

In a separate report, the department said that U.S. new orders for manufactured goods in October, up four consecutive months, increased 12.5 billion dollars or 2.7 percent to 469.4 billion dollars. This followed a 0.6 percent September increase.

Meanwhile, U.S. nonfarm business sector labor productivity increased at a 3.1-percent annual rate during the third quarter of 2016, the Labor Department reported Tuesday.

Analysts said the recent economic data were overall positive, bolstering market speculation for an interest rate-hike later this month.

The dollar index, which tracks the greenback against six major peers, was up 0.42 percent at 100.510 in late trading.

In late New York trading, the euro fell to 1.0715 dollars from 1.0775 dollars, and the British pound slipped to 1.2680 dollars from 1.2724 dollars. The Australian dollar decreased to 0.7457 dollars from 0.7481 dollars.

The dollar bought 114.00 Japanese yen, higher than 113.75 yen in the previous session. The dollar inched up to 1.0107 Swiss francs from 1.0061 Swiss francs, and it rose to 1.3285 Canadian dollars from 1.3254 Canadian dollars. Enditem