The US dollar escalated against its major counterparts on Tuesday following it reduced gains on weak service sector activity in June.

According to the Institute of Supply Management, the non-manufacturing purchasing managers’ index went up 56.0 last month from 55.7 in May.

The greenback stood at $1.1017 per euro from Monday’s $1.1057, and $1.5560 per British pound from $1.5608.

Against the Japanese yen and the Swiss franc, the dollar closed at ¥122.76 from ¥122.52, and 0.9420 francs from 0.9547 francs.

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