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Dollar rises after Chinese data

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January 18, 2013 12:56 PM EST | AP


NEW YORK — The dollar is rising against most other major currencies 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 $1.3314 in afternoon trading from $1.3384 late Thursday. The British pound fell to $1.5864 from $1.6007.

The dollar rose to 0.9330 Swiss franc from 0.9328 Swiss franc and to 99.31 Canadian cents from 98.52 Canadian cents.

The dollar was unchanged at 89.97 Japanese yen.