US dollar rises on upbeat data

New York: The US dollar increased against most major currencies on Wednesday as economic data from the country came out better than expected.

US total existing-home sales jumped 5.1 percent to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million in February, the National Association of Realtors said on Wednesday. The latest reading was higher than market consensus of 5.268 million.

The dollar index, which measures the greenback against six major peers, was up 0.58 percent at 94.524 in late trading, Xinhua reported.

In late New York trading, the euro fell to $1.1306 from $1.1380 of the previous session, and the British pound declined to $1.4370 from $1.4404. The Australian dollar went down to $0.7808 from $0.7817.

The dollar bought 109.78 Japanese yen, higher than 109.10 yen of the previous session. The dollar climbed to 0.9711 Swiss francs from 0.9600 Swiss francs, and it inched down to 1.2620 Canadian dollars from 1.2647 Canadian dollars.