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BERLIN (AP) - The U.S. dollar gained against the euro in European trading Friday after upbeat economic reports and as Hurricane Rita showed signs of weakening.
The euro ended at $1.2051 in late New York trading, down from $1.2153 late Thursday. The British pound was also weaker, trading at $1.7771 compared with $1.7911, though the dollar slipped up to 112.32 Japanese yen from 111.71 yen. The dollar rose to 1.2911 Swiss francs from 1.2790, and to 1.1700 Canadian dollars from 1.1684.
The U.S. currency has been under pressure over concern that Rita, due to hit the U.S. Gulf Coast by early Saturday, will add significantly to the damage to the U.S. economy already inflicted by Hurricane Katrina.
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