Dollar rises on signs US economy is improving

Dollar rises on signs US economy is improving
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Summary The dollar rose against the euro on signs that the US economy is slowly getting better.

The Federal Reserve said that industrial production rose 0.6 last month as factories made more cars, computers and airplanes. Thats a sign that manufacturing is slowly recovering.Consumer prices were unchanged in July from June, according to the Labor Department. The consumer price index hasnt increased since March, which means that inflation is in check.The euro fell to $1.2285 in afternoon trading from $1.2330 late Tuesday. The British pound fell to $1.5684 from $1.5690.
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