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Summary Dollar fell against major currencies after the government said that US economy grew at slowere pace.
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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