Updated on
Summary The economy grew at a 2 percent annual rate from July through September.
Data showing that the U.S. economy grew at a faster pace than expected during the third quarter is pushing the dollar higher against other major currencies.The Commerce Department says the economy grew at a 2 percent annual rate from July through September, thanks to higher spending by consumers and the federal government. Economists expected it to grow 1.8 percent.The euro fell to $1.2930 in afternoon trading from $1.2949 late Thursday. The British pound fell to $1.6088 from $1.6124.The dollar rose to 0.9353 Swiss franc from 0.9343 Swiss franc.The dollar fell to 79.72 Japanese yen from 80.29 Japanese yen.
