NEW YORK, Feb. 20 (Xinhua) -- The U.S. dollar rose against other major currencies on Tuesday as investors were awaiting the large U.S. government debt auctions this week.
With no major data coming out, the market is focused on the supply of over 250-billion-U.S.-dollar worth of new debt by the U.S. Treasury this week, which will kick off on Tuesday when 179-billion-U.S.-dollar in Treasury bills and two-year notes will be auctioned.
Analysts said the auction would be a key gauge of international investors' appetite for U.S. assets.
The greenback has been under pressure since the beginning of 2017, as investors worried that the Trump administration's plans for large government spending would balloon the deficit.
The dollar index, which measures the greenback against six major peers, increased 0.58 percent at 89.717 in late trading.
In late New York trading, the euro decreased to 1.2337 dollars from 1.2408 dollars in the previous session, and the British pound decreased to 1.3988 dollars from 1.4005 U.S. dollars in the previous session. The Australian dollar fell to 0.7879 dollar from 0.7911 dollar.
The U.S. dollar bought 107.29 Japanese yen, higher than 106.5600 Japanese yen of the previous session. The U.S. dollar was up to 0.9359 Swiss franc from 0.9291 Swiss franc, and it was up to 1.2642 Canadian dollars from 1.2563 Canadian dollars. Enditem
