NEW YORK, Feb. 24 (Xinhua) -- The U.S. dollar rose noticeably in late trading on Friday as the Federal Reserve's preferred inflation gauge came in hotter than expected.
The dollar index, which measures the greenback against six major peers, increased 0.6 percent to 105.2157.
In late New York trading, the euro fell to 1.0551 U.S. dollars from 1.0596 dollars in the previous session, and the British pound decreased to 1.1946 U.S. dollars from 1.2017 dollars in the previous session.
The U.S. dollar bought 136.39 Japanese yen, higher than 134.64 Japanese yen of the previous session. The U.S. dollar rose to 0.9404 Swiss francs from 0.9335 Swiss francs, and it was up to 1.3604 Canadian dollars from 1.3547 Canadian dollars. The U.S. dollar rose to 10.4959 Swedish Kronor from 10.4303 Swedish Kronor.
The U.S. Commerce Department reported Friday that the U.S. personal consumption expenditures (PCE) price index rose 0.6 percent in January for a 5.4 percent year-on-year increase. The core PCE inflation, which excludes food and energy, rose 0.6 percent for a 4.7 percent year-on-year increase. The readings were higher than estimates.
