2016.10.2623:31:00UTC+00Dollar Firms on Upbeat U.S. Data

The dollar climbed after an upbeat U.S. data confirmed investors' expectations of a U.S. interest-rate hike in December. The WSJ Dollar Index rose 0.1 percent to 88.63.

Latest data has shown that sales of newly built homes climbed in September, an indication of modest momentum which remains in the housing market. A different report shows that the U.S. service sector rose at its fastest rate in 11 months during October.

The British pound increased 0.4 percent to $1.2237 against the greenback. The U.K. gross domestic product data scheduled to be released on Thursday will show how the economy responded to Brexit, according to analysts.