U.S. dollar rises on upbeat data

The U.S. dollar climbed against most major currencies on Tuesday as investors were digesting the upbeat economic data from the country.

The U.S. Department of Commerce announced Tuesday that the goods and services deficit decreased by 4.6 billion U.S. dollars from 48.2 billion dollars in January to 43.6 billion dollars in February, below market consensus of 44.5 billion dollars.

In a separate report, the department said that U.S. new orders for manufactured goods in February, up seven of the last eight months, increased 4.8 billion dollars or 1.0 percent to 476.5 billion dollars, in line with market estimates.

The dollar index, which measures the greenback against six major peers, was up 0.07 percent at 100.610 in late trading.

In late New York trading, the euro declined to 1.0663 dollars from 1.0668 dollars, and the British pound fell to 1.2446 dollars from 1.2478 U.S. dollars in the previous session. The Australian dollar decreased to 0.7562 U.S. dollar from 0.7603 U.S. dollar.

The U.S. dollar bought 110.72 Japanese yen, lower than 110.93 yen of the previous session. The U.S. dollar rose to 1.0023 Swiss francs from 1.0018 Swiss francs, and it edged up to 1.3412 Canadian dollars from 1.3389 Canadian dollars. Enditem