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U.S. dollar rises amid data, geopolitical tension

Source: Xinhua| 2018-05-09 05:36:54|Editor: huaxia
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NEW YORK, May 8 (Xinhua) -- The U.S. dollar rose on Tuesday amid economic data and geopolitical concerns.

On the economic front, the number of job openings increased to 6.6 million on the last business day of March, beating market consensus of 6.1 million, the U.S. Labor Department reported Tuesday.

On Tuesday afternoon, U.S. President Donald Trump said that the United States will withdraw from the Iran nuclear deal, a landmark agreement signed in 2015.

In a televised speech, Trump announced the exit, adding he will not sign the waiver of nuke-related sanctions against Iran.

Trump repeated his tough stance on the deal, saying it had failed to prevent Iran from developing nuclear weapons or supporting terrorism in the region.

Analysts said the greenback advanced on Tuesday to its highest level of 2018 against a basket of currencies on safe-haven buying.

The dollar index, which measures the greenback against six major peers, was up 0.38 percent at 93.097 in late trading.

In late New York trading, the euro was down to 1.1860 dollars from 1.1924 dollars in the previous session, and the British pound was down to 1.3538 dollars from 1.3560 U.S. dollars in the previous session. The Australian dollar fell to 0.7449 dollar from 0.7518 dollar.

The U.S. dollar bought 108.98 Japanese yen, lower than 109.08 Japanese yen of the previous session. The U.S. dollar was down to 1.0018 Swiss franc from 1.0028 Swiss franc, and it rose to 1.2957 Canadian dollars from 1.2869 Canadian dollars. Enditem

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