NEW YORK, June 8 (Xinhua) -- The U.S. dollar strengthened in late trading on Wednesday amid a momentum in bond yields.

       The dollar index, which measures the greenback against six major peers, rose 0.23 percent to 102.5430.

       The euro, the largest component of the index, rallied as investors awaited a key policy meeting by the European Central Bank later this week.

       In late New York trading, the euro increased to 1.0718 U.S. dollars from 1.0710 dollars in the previous session, and the British pound was down to 1.2540 U.S. dollars from 1.2588 dollars in the previous session. The Australian dollar was down to 0.7195 U.S. dollars from 0.7234 U.S. dollars.

       The U.S. dollar bought 134.16 Japanese yen, higher than 132.56 Japanese yen of the previous session. The U.S. dollar rose to 0.9778 Swiss franc from 0.9722 Swiss franc, and it rose to 1.2558 Canadian dollars from 1.2527 Canadian dollars.

       The above market moves came as U.S. treasury yields climbed. The yield on the benchmark U.S. 10-year Treasury hovered above 3 percent on Wednesday afternoon, as investors continued to assess the impact of inflation. The yield on the 30-year Treasury note also advanced. A rising yield is dollar bullish, while a falling yield is dollar bearish.