Dollar rises after Chinese data

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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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  • mamamiamia

    Naku mga amiga! If I were you, huwag maniwala sa lutong Macao!  Masarap iyon pero mahirap i digest!

    • Cano Manuel

      lol

  • akosimickeymouse

    What happen of China’s economy, the USA will get the same since, many firms of US based are their in China, if these US firms will leave China,China’s economy will slow only a little because imitation of products by these US firms will flood on China…about manipulation of economy, China is obviously do this, massive infrastructure was built in last decade in China but until now these was still unoccupied…some say this was “ghost cities and malls” since there is no occupants right now.   

  • Gerardo Barrica

    Is it China who is trying to manipulate the economy or America is desperate to get on top?

    • Tiri Ring

      Both, I supposed…

    • Cano Manuel

      Has not America been on top?

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