NEW YORK ? The dollar is falling against most other currencies after the government said that the U.S. economy grew at a slower pace in the fourth quarter than economists had expected.
Traders also bought euros following a successful bond auction in Italy, a sign that investor confidence in the country is improving.
The euro rose to $1.3190 in midday trading Friday from $1.3104 late Thursday.
The British pound rose to $1.5710 from $1.5688. The dollar fell to 76.68 Japanese yen from 77.49 Japanese yen, to 0.9147 Swiss franc from 0.9205 and to 1.0010 Canadian dollar from 1.0014 Canadian dollar.
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