NEW YORK, Feb. 28 (Xinhua) — The U.S. dollar rose in late trade on Tuesday amid weakness in the euro.
The dollar index, which measures the greenback against six major peers, rose 0.18 percent to 104.8709.
In late New York trading, the euro fell to US$1.0582 from US$1.0607 in the previous session, and the British pound fell to US$1.2054 from US$1.2057 in the previous session.
The US dollar bought 136.11 Japanese yen, down from 136.24 Japanese yen from the previous session. The US dollar rose to 0.9406 Swiss francs from 0.9359 Swiss francs, and it was up to 1.3629 Canadian dollars from 1.3578 Canadian dollars. The US dollar rose to 10.4501 Swedish kronor from 10.4012 Swedish kronor.
The US currency has appreciated in recent weeks as US economic data raised concerns that the Federal Reserve may need to raise interest rates further and keep them higher for longer.
Source: sn.dk