NEW YORK, Feb. 6 (Xinhua) -- U.S. dollar pared gains it made earlier in the session after U.S. stocks closed higher in a volatile trading day on Tuesday.

The dollar index, which measures the greenback against six major peers, increased 0.04 percent to 89.590 at 3:00 p.m. (2000 GMT).

Analysts said the dollar gave back the gains as investors stopped piling into risk-aversion trades. Tuesday's trading was on the thinner side as investors accessed what could happen next.

In late New York trading, the euro fell to 1.2391 dollars from 1.2400 dollars in the previous session, and the British pound dipped to 1.3958 dollars from 1.4001 dollars in the previous session. The Australian dollar decreased to 0.7887 dollar from 0.7901 dollar.

The U.S. dollar bought 109.36 Japanese yen, lower than 109.71 yen of the previous session. The U.S. dollar rose to 0.9361 Swiss franc from 0.9356 Swiss francs, and it moved up to 1.2522 Canadian dollars from 1.2503 Canadian dollars.