Dollar gains on upbeat U.S. data

Xinhua

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The spot rate of the U.S. dollar index, which tracks the greenback against a basket of major currencies, rose to the highest level in almost a year and traded around 82.6.

New orders for manufactured durable goods in July skyrocketed 22.6 percent, boosted by a 318-percent surge in orders for commercial aircraft, said the U.S. Commerce Department Tuesday. The increase was the biggest since 1992 and far exceeded analysts' expectations.

The Conference Board Consumer Confidence Index, which reached the highest level since October 2007 in July, improved further to 92.4 in August.

Moreover, U.S. home prices continued to rise in June but at a slower pace, according to a survey released Tuesday by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices.

Another report by the Federal Housing Finance Agency showed that U.S. house prices rose 0.8 percent in the second quarter, representing the 12th consecutive quarterly price rise in the purchase-only, seasonally adjusted House Price Index.

The euro/dollar rate continued slipping and traded around the lowest level in almost a year as the Federal Reserve is expected to raise interest rates in 2015 while the European Central Bank ( ECB) may expand monetary easing measures.

In late New York trading, the euro fell to 1.3172 dollars from 1.3193 dollars of the previous session, and the British pound decreased to 1.6549 dollars from 1.6580 dollars. The Australian dollar climbed to 0.9308 dollar from 0.9297 dollar.

The dollar bought 104.10 Japanese yen, higher than 103.99 yen of the previous session. The greenback went up to 0.9173 Swiss franc from 0.9153 Swiss franc, and moved down to 1.0953 Canadian dollars from 1.0983 Canadian dollars.