Dollar rises slightly in light trading

AP News
Posted: Oct 29, 2012 3:28 PM

NEW YORK (AP) — The dollar is rising slightly against other major currencies in light trading as Hurricane Sandy approaches the East Coast.

A rise in U.S. consumer spending rose last month helped boost the dollar.

The euro fell to $1.2904 in late trading from $1.2932 late Friday. The British pound fell to $1.6034 from $1.6099.

U.S. stock markets are closed Monday in preparation for the hurricane, and transportation in New York City is shut down.

The Commerce Department says that consumer spending rose 0.8 percent in September, up from a 0.5 percent gain in August. Personal income rose 0.4 percent.

The dollar rose to 79.82 Japanese yen from 79.66 yen, to 0.9365 Swiss franc from 0.9352 Swiss franc and to 1.0008 Canadian dollar from 99.88 Canadian cents.