Dollar rises after mixed US economic data

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by Associated Press

WCNC.com

Posted on October 18, 2012 at 12:30 PM

NEW YORK (AP) -- The dollar is rising against most other currencies after mixed economic data from the U.S.    

The Labor Department says that weekly applications for U.S. unemployment benefits jumped 46,000 last week to 388,000, the highest in four months. That's a sign layoffs are increasing, but the Labor Department says that there were technical reasons behind rise, such as delayed figures from California.  

The Federal Reserve Bank of Philadelphia says that manufacturing in the Philadelphia region expanded in October after five months of declines.  

The euro fell to $1.3103 in midday trading from $1.3127. The British pound fell to $1.6139 from $1.6154. 

The dollar rose to 79.25 Japanese yen from 78.98 yen, to 0.9225 Swiss franc from 0.9220 Swiss franc and to 97.98 Canadian cents from 97.77 Canadian cents.
 

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