Dollar rises after Chinese data

Associated Press

8:07 am | Saturday, January 19th, 2013

In this Wednesday, Jan. 16, 2013 photo, a woman works at a textile factory in Jiujiang city, in central China’s Jiangxi province. China’s economy rebounded in the final quarter of 2012 but optimism was tempered by warnings the shaky recovery could be vulnerable to a possible downturn in global trade. AP Photo

NEW YORK— 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 in 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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Tags: British pound , China economy , dollar , Euro

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