U.S. dollar rises on manufacturing data

The U.S. dollar climbed against most major currencies on Monday as investors were digesting the latest manufacturing data from the country.

The manufacturing index, also known as the purchasing managers index (PMI), registered 57.2 in March, above market estimates of 57 but a decrease of 0.5 percentage point from the previous month reading of 57.7, the Institute for Supply Management (ISM) said in a report on Monday.

Meanwhile, investors will also keep a close eye on the minutes from the U.S. Federal Reserve and March' s nonfarm payroll report due out later this week.

The dollar index, which measures the greenback against six major peers, was up 0.16 percent at 100.510 in late trading on Monday.

In late New York trading, the euro declined to 1.0668 dollars from 1.0685 dollars, and the British pound fell to 1.2478 dollars from 1.2539 U.S. dollars in the previous session. The Australian dollar decreased to 0.7603 U.S. dollar from 0.7645 U.S. dollar.

The U.S. dollar bought 110.93 Japanese yen, lower than 111.28 yen of the previous session. The U.S. dollar rose to 1.0018 Swiss francs from 1.0008 Swiss francs, and it edged up to 1.3389 Canadian dollars from 1.3295 Canadian dollars. Enditem