Dollar rises after release of Fed survey

Dollar rises against euro after Fed survey says US economy picked up at end of year

Associated Press

NEW YORK (AP) -- The dollar rose against most major currencies Wednesday after a Federal Reserve survey found that the U.S. economy improved at the end of 2012.

The report, known as the Beige Book, reports on the economic conditions of the Fed's 12 regional banking districts. The Fed said 12 of its regional banking districts reported "modest or moderate" growth in the final weeks of 2012.

The euro fell to $1.3286 in late trading Wednesday from $1.3299 late Tuesday. The British pound fell to $1.6003 from $1.6061.

The dollar rose to 88.49 Japanese yen from 88.83 Japanese yen and to 98.60 Canadian cents from 98.43 Canadian cents.

The dollar slipped to 0.9318 Swiss franc from 0.9321 Swiss franc.

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