U.S. Dollar Climbs On Durable Goods Orders, Ukraine Tensions

The U.S. dollar advanced against other major currencies in early New York deals on Thursday, as the nation's durable goods orders grew more-than-forecast in March.

Reports that Russia started military drills in Ukraine also lifted the dollar on safe-haven status.

The data from the Commerce Department showed that U.S. durable goods orders surged up by 2.6 percent in March, versus forecasts for 2.0 percent increase.

The greenback spiked up to a 2-day high of 0.8855 against the franc, reversing from an early low of 0.8814. The next possible upside target for the greenback is seen around the 0.89 area.

The greenback appreciated to 102.65 against the yen, after having fallen to 102.25 around 11:50 pm ET. If the greenback extends gain, it may face resistance at the 103.9 zone.

The greenback recovered from an early low of 1.6807 against the pound, reaching as high as 1.6766. On the upside, 1.67 is seen as the next resistance level for the greenback.

After falling to 1.3843 against the euro in early European deals, the greenback advanced to a 2-day high of 1.3792. The greenback is likely to test resistance around the 1.37 mark.