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U.S. dollar rises amid stock market strength

Xinhua, January 27, 2017 Adjust font size:

The U.S. dollar rose against most major currencies on Thursday amid positive economic data and stock market performance.

The Dow Jones Industrial Average on Wednesday closed above the psychological mark of 20,000 points for the first time ever, while the other two major indices also finished at record highs, boosted by a batch of generally positive earnings reports. On Thursday, the Dow further rose 32.40 points, or 0.16 percent.

The dollar index, which measures the greenback against six major peers, increased 0.39 percent at 100.420 in late trading Thursday.

In late New York trading, the euro dropped to 1.0695 dollars from 1.0729 dollars in the previous session, and the British pound fell to 1.2600 dollars from 1.2623 U.S. dollars in the previous session. The Australian dollar decreased to 0.7546 dollar from 0.7551 dollar.

The U.S. dollar bought 114.41 Japanese yen, higher than 113.80 yen of the previous session. The U.S. dollar fell to 0.9992 Swiss francs from 1.0011 Swiss francs, and it edged up to 1.3097 Canadian dollars from 1.3085 Canadian dollars. Enditem