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U.S. dollar rises amid upbeat data

Xinhua, December 23, 2016 Adjust font size:

The U.S. dollar climbed against most major currencies on Thursday as economic data from the country came out overall positive.

The real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of this year, the fastest quarterly growth since 2014, according to the third estimate released by the Commerce Department on Thursday.

The growth rate was revised up from the second estimate of 3.2 percent and also higher than market consensus.

In a separate report, the department announced on Thursday that new orders for manufactured durable goods in November decreased 11 billion U.S. dollars or 4.6 percent to 228.2 billion dollars, exceeding market estimates.

The dollar index, which tracks the greenback against six major peers, was up 0.09 percent at 103.110 in late trading.

In late New York trading, the euro rose to 1.0433 dollars from 1.0428 dollars, and the British pound dropped to 1.2287 dollars from 1.2343 dollars. The Australian dollar slipped to 0.7203 dollars from 0.7304 dollars.

The dollar bought 117.62 Japanese yen, higher than 117.55 yen in the previous session. The dollar inched down to 1.0257 Swiss francs from 1.0261 Swiss francs, and it climbed to 1.3497 Canadian dollars from 1.3336 Canadian dollars. Enditem