NEW YORK, May 21 (Xinhua) -- The U.S. dollar increased on Monday as market sentiment was boosted by an easing of trade tensions between China and the United State.

The dollar index, which measures the greenback against six major peers, increased 0.05 percent to 93.682 in late trading.

China and the United States issued a joint statement on Saturday on economic and trade consultations, vowing not to launch a trade war against each other.

The two sides agreed to take effective measures to substantially decrease the U.S. trade deficit in goods with China.

U.S. Treasury Secretary Steven Mnuchin said on Sunday that China and the United States had reached a deal on a "very important" framework concerning their economic and trade ties, and the two sides had agreed to put a possible trade war on hold.

In late New York trading, the euro fell to 1.1772 dollars from 1.1775 dollars in the previous session, and the British pound was down to 1.3414 dollars from 1.3482 U.S. dollars in the previous session. The Australian dollar was up to 0.7569 dollar from 0.7511 dollar.

The U.S. dollar bought 111.10 Japanese yen, higher than 110.67 Japanese yen of the previous session. The U.S. dollar rose to 0.9978 Swiss franc from 0.9977 Swiss franc, and it was down to 1.2810 Canadian dollars from 1.2878 Canadian dollars. Enditem