Euro rises against the dollar on US economic data (AP)

NEW YORK ? The euro is rising against the dollar after the U.S. released durable goods and jobs data.

The euro rose as high as $1.3184, its highest point in five weeks. The euro was worth $1.3084 late Wednesday.

Orders for durable goods rose last month, the Commerce Department said Thursday. Separately, the Labor Department said that unemployment rose last week to 377,000, but economists think the numbers point to a recovering job market.

The dollar was also falling against most other currencies. The dollar fell to 77.48 Japanese yen from 77.81 Japanese yen, to 0.9176 Swiss franc from 0.9231 Swiss franc and to 99.90 Canadian cents from 1.0053 Canadian dollar.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_bi_ge/us_dollar

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