Dollar mixed after US data
NEW YORK (AP) — The dollar is falling against the euro and pound but rising against the yen and franc after data painted a mixed picture of the U.S. economy.
The government said the overall economy grew at a slower annual rate in the April-through-June quarter than it previously estimated. Companies cut orders for durable goods last month.
The National Association of Realtors said that less Americans signed contracts to buy previously occupied homes in August than July. And the number of Americans seeking unemployment benefits fell.
The euro rose to $1.2917 in afternoon trading Thursday from $1.2859 late Wednesday. The British pound rose to $1.6237 from $1.6154.
The dollar fell to 77.61 Japanese yen from 77.72 yen and to 0.9372 Swiss franc from 0.9399 Swiss franc.
