Dollar jumps after stellar U.S. GDP data

The dollar moved sharply higher against most major currencies on Tuesday after data showed the U.S. economy fared much better than previously expected in the third quarter.

The WSJ Dollar Index BUXX, -0.11%  jumped 0.41% to 82.90, after trading with a loss earlier in the day. The ICE dollar index DXY, -0.05%  climbed 0.32% to 90.06. Against the yen USDJPY, -0.28% the dollar rose to ¥120.76, up from ¥120.04 late Monday.

The euro EURUSD, +0.06%  traded at $1.2175, down from $1.2232 late Monday.

The ruble USDRUB, -0.26%  improved to trade around 54.64 to the dollar, compared with 55.4182 late on Monday.

The pound GBPUSD, +0.01%  exchanged hands at $1.5509, down from $1.5592 on Monday, after a data revision indicated the U.K. economy is not growing as fast as thought