Dollar rises after consumer sentiment data

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Associated Press

Posted on August 17, 2012 at 2:00 PM

Updated Friday, Aug 17 at 3:01 PM

NEW YORK (AP) — The dollar is rising against most other major currencies after a survey found that consumers are more confident in the U.S. economy.

Analysts said that an increase in the University of Michigan's Consumer Sentiment Index is pushing the U.S. currency higher.

The euro fell to $1.2318 in afternoon trading from $1.2362 late Thursday. The British pound fell to $1.5693 from $1.5740.

The dollar rose to 79.52 Japanese yen from 79.25 yen, to 0.9751 Swiss franc from 0.9717 Swiss franc and to 98.92 Canadian cents from 98.62 Canadian cents.

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