Dollar rises after Chinese data

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Associated Press

Posted on January 18, 2013 at 3:02 PM

NEW YORK (AP) — The dollar rose against most other major currencies Friday after China's economy showed signs of rebounding.

Growth in China rose 7.9 percent in the three months ending in December, up from 7.4 percent the previous quarter.

The euro fell to $1.3320 late trading Friday from $1.3384 late Thursday. The British pound fell to $1.5868 from $1.6007.

The dollar rose to 90.03 Japanese yen from 89.97 Japanese yen, to 0.9347 Swiss franc from 0.9328 Swiss franc and to 99.25 Canadian cents from 98.52 Canadian cents.

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