NEW YORK, Feb. 21 (Xinhua) — The U.S. dollar strengthened in late trade on Tuesday as market participants sifted through fresh economic data.
The dollar index, which measures the greenback against six major peers, rose 0.31 percent to 104.1723.
In late New York trading, the euro was down to US$1.0649 from US$1.0698 in the previous session, and the British pound was up at US$1.2109 from US$1.2049 in the previous session.
The US dollar bought 134.95 Japanese yen, higher than 134.14 Japanese yen from the previous session. The US dollar rose to 0.9274 Swiss francs from 0.9245 Swiss francs, and it climbed to 1.3533 Canadian dollars from 1.3468 Canadian dollars. The US dollar fell to SEK 10.3603 from SEK 10.4456.
On the economic front, the fast-moving US manufacturing PMI (Purchasing Managers’ Index) rose to 47.8 in February from the previous month’s reading of 46.9, S&P Global reported on Tuesday.
The data also showed the S&P Global Flash US Services Business Activity Index posted 50.5 in February, up from 46.8 in January, signaling the first expansion in services sector output since June 2022.
Source: sn.dk
