Euro Rises Versus Dollar After Spanish Bond Auction

NEW YORK (AP) -- The euro is rising against the dollar after Spain was able to successfully sell nearly $6 billion in bonds, a sign that investors have confidence in the country's finances.

The euro rose to $1.3345 in afternoon trading from $1.3286 late Wednesday.

The dollar rose against other major currencies after the U.S. released strong housing and jobs reports.

The Commerce Department said builders started work on homes in December at the fastest pace since the summer of 2008.

The Labor Department reported that the number of Americans seeking unemployment benefits fell to a five-year low last week.

The British pound fell to $1.5973 from $1.6003.

The dollar rose to 89.72 Japanese yen from 88.49 yen and to 0.9352 Swiss franc from 0.9318 Swiss franc.


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