Dollar rises

NEW YORK (AP) — The dollar is rising against the euro on slightly better U.S. economic reports.

The Commerce Department said that the economy grew at an annual rate of 1.9 percent in the first quarter, slightly higher than the 1.8 percent that was estimated a month ago.

Separately, the Commerce Department said businesses increased their orders for machinery, electronics products and airplanes last month. Durable goods orders increased 1.9 percent in May after a 2.7 percent decline in April.

In morning trading Friday in New York, the euro fell to $1.4165 from $1.4208 late Thursday. The British pound fell to $1.5969 from $1.5987. But the dollar fell to 0.8382 Swiss franc from 0.8388 Swiss franc and fell to 80.40 Japanese yen from 80.58 Japanese yen.