NEW YORK--the dollar has increased the euro late Friday. He declined earlier in the day after reports higher than expected on European economic growth and an inflation report to United States which was consistent with expectations.
The dollar was also stronger against other currencies, the pound sterling, Swiss franc and Canadian dollar. It was lower against the Japanese yen.
Euro-zone economy has expanded at a quarterly rate of 0.8 per cent in the first three months of the year, more than double the growth of 0.3% posted in the previous quarter and economists to trim expectations.
The German economy, largest, Europe has increased by 1.5% in the quarter, faster than expected.
The "very strong number" will be beneficial for the euro, said Mark McCormick, currency at Brown Brothers Harriman strategist. He said the dollar rose Friday because that traders have been conduct their positions on the dollar.
The euro fell to $1.4110 late afternoon trading Friday from $1.4231 late Thursday. A little more than a week ago the euro was worth $1.49.
Despite the data better than expected in the euro area, is concerned about the debt crisis of the region continued. The European Union warned Friday that the debt of the Greece growing faster that had been forecast. The Greece and the Ireland received hefty rescues last year. Portugal is supposed to be the third for a rescue plan when EU Finance Ministers meet this month to approve a package of EUR 78 billion.
In the United States, the Ministry of labour said that the consumer price index increased by 0.4% in April, corresponding to the expectations.
In other trade Friday, the British pound fell to $1.6174 from $1.6286 late Thursday. The dollar rose to pink and Swiss francs 0.8851 Swiss franc 0.8923 to 96.82 Canadian cents 96 cents Canadian.
The dollar rose from 80.91 80.84 Yen Japanese yen.
The motto of the United States was higher against most other currencies. including those in Australia, the Norway, the Korea South and Latin America.
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