Dollar Rises on Report of Pickup in U.S. Growth

NEW YORK (AP) -- Data showing that the U.S. economy grew at a faster pace than expected during the third quarter pushed the dollar higher against other major currencies Friday.

The Commerce Department said the economy grew at a 2 percent annual rate from July through September, thanks to higher spending by consumers and the federal government. Economists expected it to grow 1.8 percent.

The euro fell to $1.2932 in late trading Friday from $1.2949 late Thursday. The euro is down about 1 percent against the dollar for the week

The British pound fell to $1.6099 from $1.6124.

The dollar rose to 0.9352 Swiss franc from 0.9343 Swiss franc and to 99.88 Canadian cents from 99.40 Canadian cents.

The dollar fell to 79.66 Japanese yen from 80.29 Japanese yen.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2080031, ~/Articles/ArticleHandler.aspx, 10/23/2014 7:17:14 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement